|
|
Article: Oklahoma Agency Finalizes Team For $125 Million Higher-Ed Issue.
- Article from:
- The Bond Buyer
- Article date:
- February 13, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
DALLAS -- The Oklahoma Capitol Improvement Authority has selected the final members of the financial team that will bring to market in March $125 million of the $475 million in higher-education bonds authorized by the Legislature in 2005.
The authority's board also set a 5% rate cap on the $125 million of variable-rate state facilities revenue bonds. The OCIA sold almost $340 million of fixed-rate higher education bonds in mid-November 2005.
Goldman, Sachs & Co. and Lehman Brothers were named as remarketing agents and will split the issue. JPMorgan Chase was selected as cap counterparty, and Fortis Bank will serve as liquidity facility provider.