By Sheri Kasprzak
New York, Dec. 15 - The Berkshire Wind Power Cooperative Corp. of Massachusetts sold $64.705 million of series 1 wind power revenue bonds, according to a pricing sheet.
The bonds were sold through BMO Capital Markets Corp. and Morgan Stanley & Co. Inc.
The bonds are due 2012 to 2027 with a term bond due in 2030. The coupons range from 3% to 5.25%. The 2030 bonds have a 5.25% coupon priced at 97.612.
Proceeds will be used to refund the corporation's series 2009 bonds issued to construct the Berkshire Wind project, a 15 megawatt wind power generating facility on Brodie Mountain in Hancock, Mass., and Lanesborough, Mass.
| Issuer: | Berkshire Wind Power Cooperative Corp.
|
| Issue: | Series 1 wind power revenue bonds
|
| Amount: | $64.705 million
|
| Type: | Negotiated
|
| Underwriters: | BMO Capital Markets Corp. and Morgan Stanley & Co. Inc. (lead)
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.215 million | 2012 | Serial | 3% | 102.329
|
| $2.28 million | 2013 | Serial | 3% | 103.099
|
| $2.35 million | 2014 | Serial | 4% | 106.247
|
| $2.44 million | 2015 | Serial | 5% | 110.632
|
| $2.565 million | 2016 | Serial | 5% | 110.972
|
| $2.69 million | 2017 | Serial | 5% | 109.843
|
| $2.825 million | 2018 | Serial | 5% | 108.606
|
| $2.965 million | 2019 | Serial | 5% | 107.311
|
| $3.115 million | 2020 | Serial | 5% | 105.418
|
| $3.27 million | 2021 | Serial | 4.4% | 99.499
|
| $3.415 million | 2022 | Serial | 5.25% | 104.38
|
| $3.595 million | 2023 | Serial | 5.25% | 102.967
|
| $3.785 million | 2024 | Serial | 5.25% | 101.723
|
| $3.98 million | 2025 | Serial | 5% | 98.477
|
| $4.18 million | 2026 | Serial | 5.25% | 99.683
|
| $4.4 million | 2027 | Serial | 5.25% | 98.802
|
| $14.635 million | 2030 | Term | 5.25% | 97.612
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
