Just an FYI, UCF just posted their stadium bonds preliminary offering document. There are approximately $11 million of tax-exempt bonds available and approximately $15.5 million of taxable bonds available. The taxable bonds are likely to be a shorter tenor and suitable for investors outside the top income tax bracket. The tax-exempt bonds are likely to be longer tenor and suitable for those in the top income tax bracket. S&P has rated the bonds "A" which is mid investment grade. Fitch has rated the bonds "AA-" which is upper investment grade. Minimum denomination (smallest buy in) is $5,000.
The offering document and internet roadshow are available at munios.com (you may need to set up an account). You can place an order through your retail broker, retail orders will generally receive priority to be filled. If you do not have a brokerage account, JPM/Chase can hook you up most seamlessly. If you already have a broker, they can find these bonds and place an order through the underwriter.
I am not involved in this securities offering in any way and no part of this post should be construed as investment advice.
There is interesting info in the internet roadshow including financial projections.
The offering document and internet roadshow are available at munios.com (you may need to set up an account). You can place an order through your retail broker, retail orders will generally receive priority to be filled. If you do not have a brokerage account, JPM/Chase can hook you up most seamlessly. If you already have a broker, they can find these bonds and place an order through the underwriter.
I am not involved in this securities offering in any way and no part of this post should be construed as investment advice.
There is interesting info in the internet roadshow including financial projections.
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