TITLE

Pennsylvania Higher Ed System Sells $88 Million of Revenue Bonds

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/15/2003, Vol. 344 Issue 31636, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Pennsylvania's State System of Higher Education sold 88.1 million dollar competitive revenue bonds that contains 49 million dollar in refunding. The Series 2003X revenue bonds, to be sold through the Pennsylvania Higher Educational Facilities Authority, will refund about 10 million dollar of Series 1992G and 39 million dollar of Series 1993I bonds, but also include about 38 million dollar in new money, according to James Dillon, treasurer of the State System of Higher Education. The improvement in the financial health of the system is influenced by good cost control and debt service coverage. Revenues earned from the issuance of bonds are earmarked for renovations and maintenance of facilities at eight of the system's universities.
ACCESSION #
9860032

 

Related Articles

  • South Carolina Dealing for Higher Ed. TEMPLE-WEST, PATRICK // Bond Buyer;2/7/2011, Vol. 375 Issue 33462, p5 

    The article reports on the issuance of 342.7 million dollars worth of refunding bonds and 126.2 million dollars worth of general obligation bonds for higher education in South Carolina.

  • With Eyes on Bush Library Prize, SMU to Advance Refund $93M. Albanese, Elizabeth // Bond Buyer;1/16/2007, Vol. 359 Issue 32547, p8 

    The article reports that the Southwest Higher Education Authority will go to market with a $93.2 million offering of fixed-rate higher education refunding bonds in an advance refunding that is expected to yield significant interest rate savings for Southern Methodist University (SMU) in Dallas,...

  • SOUTHEAST Bond-Watch. Sigo, Shelly; DeSue, Tedra; Newman, Emily // Bond Buyer;5/1/2003, Vol. 344 Issue 31626, p39 

    Presents information regarding various developments in securities industry in the U.S. as of May 1, 2003. Plans of Orange County officials regarding the issue about solid-revenue refunding bonds; Approval of a bill by the state House of Representative Finance Committee in North Carolina;...

  • FLORIDA: Citizens $1.2B Deal Rated. Sigo, Shelly // Bond Buyer;12/21/2006, Vol. 358 Issue 32533, p31 

    The article reports on the ratings received by the Citizens Property Insurance Corp. for its planned sales of up to $1.2 billion of high-risk account senior-secured refunding bonds in Florida. An A-plus was given by Standard & Poor's to the deal and a stable outloo to the credit and affirmed the...

  • WASHINGTON: Seattle's $81M Waste Sale. Saskal, Rich // Bond Buyer;12/7/2007, Vol. 362 Issue 32769, p9 

    The article reports on the performance of solid waste revenue and refunding bonds in Seattle, Washington. Standard & Poor's Corp. has upgraded its rating for Seattle Public Utilities' solid waste revenue debt to AA-minus from A-plus. They have also cited the strength of their local economy and...

  • Illinois Hospital System Upgraded Ahead of Deal. Shields, Yvette // Bond Buyer;8/31/2015, Vol. 1 Issue 34369, p1 

    Illinois-based OSF Healthcare System won an upgrade ahead of its September new money and refunding sale for $367 million in recognition of its improved financial performance.

  • Deloitte & Touche OKs Use of '03 Figures for Clark County, Nev., Refunding. Kelemen, Jesmina // Bond Buyer;12/7/2004, Vol. 350 Issue 32024, p4 

    The article reports that Deloitte & Touche LLP has given its consent to Clark County, Nevada to use the county's 2003 financial statement in its bids for US$101 million of refunding bonds. Earlier, by the virtue of a provision of the agreement between Clark County and Deloitte, Deloitte & Touche...

  • PENNSYLVANIA: Bidding for School Bonds. Stark, Jonna // Bond Buyer;3/3/2008, Vol. 363 Issue 32827, p9 

    The article reports on the plan of the Pennsylvania Higher Educational Facilities Authority to take bids for $99.4 million of public higher education revenue refunding bonds for the State System of Higher Education. The report added that the State System of Higher Education had planned to...

  • Univ. of Texas Regents Back in the Saddle With $435M of Triple-A Debt. Williamson, Richard // Bond Buyer;1/31/2012, Vol. 379 Issue 33655, p8 

    The article reports on the decision of the University of Texas System Board of Regents to offer 200 million dollars of top-rated revenue financing systems refunding bonds to a receptive market in the first week of February 2012. It relates that proceeds of the said deal will refinance 186.3...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics