Wanna buy some Xavier Bonds?

[Masterofreality]

Ok, the campus is growing again

New Dorm (http://www.xavier.edu/news/Xavier-issues-48-million-in-bonds-to-finance-a-new-residence-hall-and-dining-complex.cfm)

I would guess that since they're moving the dining hall out of Cintas, they would then make that into a new student work-out club. I would hope so. They need a place on that side of the campus. Long walk across Victory Parkway from the dorms.

Hey, buy a bond.

[Kahns Krazy]

I wonder what interest rate they are going to get on 30-year money.

[blobfan]

Ok, the campus is growing again

New Dorm (http://www.xavier.edu/news/Xavier-issues-48-million-in-bonds-to-finance-a-new-residence-hall-and-dining-complex.cfm)

I would guess that since they're moving the dining hall out of Cintas, they would then make that into a new student work-out club. I would hope so. They need a place on that side of the campus. Long walk across Victory Parkway from the dorms.

Hey, buy a bond.

That seems unlikely. I would think another practice gym for the teams or another conference facility would make more sense, given the overall purpose of the building.

[Muskie73]

I wonder what interest rate they are going to get on 30-year money.

My broker called me about these bonds yesterday. I asked about the rate, he guessed about 3 - 4%. Xavier bonds are always well rated so the risk premium would be minimal.

He will call me with further info as it becomes available. If you want me to update let me know.

[Masterofreality]

My broker called me about these bonds yesterday. I asked about the rate, he guessed about 3 - 4%. Xavier bonds are always well rated so the risk premium would be minimal.

He will call me with further info as it becomes available. If you want me to update let me know.

Hey, let us know what the face price of each bond is. I might call my broker too.

[sash19]

The bonds price tomorrow. They will have fixed rates and with various maturities running all the way out to 2040...I will know more tomorrow once they are priced....

[Masterofreality]

The bonds price tomorrow. They will have fixed rates and with various maturities running all the way out to 2040...I will know more tomorrow once they are priced....

Hey Sash.

How about selling a bunch of them to that former coach of ours out in the desert.

He's got plenty of money to throw around. :rolleyes:

[sash19]

If he had a need for tax free OH income I would for sure!! :)

I figured I would get some new clients and just sell them to everyone on this board!! :)

[sash19]

Got the particulars....Not bad....

[Muskie]

Got the particulars....Not bad....

Sash... can I buy them if I live in Indiana?

[sash19]

You can but they are OH muni's, no tax advantage to you in IN....

[Muskie]

That's true. Might be worth it anyway depending on what denominations they can be bought in (just to help support X after all).

Do you know the denominations? (if you want to email me you can).

[Kahns Krazy]

Got the particulars....Not bad....

You holding out on us?

[vee4xu]

I had a chance to buy Xavier bonds last year and passed for a variety of reasons. Price was at par and I had a chance to buy Simon Properties bonds at a deep discount, so I did. Also, when I grossed up the tax free rate to the all-in rate using my tax bracket it wasn't competitive with a taxable bond with significant upside to par value. It was the right move because both of the bonds I bought have reached par so there has been significant value appreciation.