By Sheri Kasprzak
New York, Aug. 25 - The Maryland Department of Transportation priced $280 million in series 2008 consolidated transportation bonds, according to an official statement released Monday.
The bonds (Aa2/AAA/AA) are due 2011 to 2023 with coupons from 3% to 5%.
Citigroup Global Markets was the lead manager for the negotiated sale.
Proceeds will be used for capital improvements under the department's Consolidated Transportation Program, which provides comprehensive planning and coordination for the state's highway, transit, port and aviation activities.
| Issuer: | Maryland Department of Transportation
|
| Issue: | Series 2008 consolidated transportation bonds
|
| Amount: | $280 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
| Fitch: AA
|
| Pricing date: | Aug. 20
|
| Settlement date: | Sept. 10
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 101.539
|
| 2012 | Serial | 4% | 104.829
|
| 2013 | Serial | 4% | 105.061
|
| 2014 | Serial | 4% | 104.873
|
| 2015 | Serial | 4% | 104.646
|
| 2016 | Serial | 4% | 104.017
|
| 2017 | Serial | 4% | 103.121
|
| 2018 | Serial | 4% | 102.147
|
| 2019 | Serial | 4% | 100.736
|
| 2020 | Serial | 4% | 99.247
|
| 2021 | Serial | 4% | 98.112
|
| 2022 | Serial | 5% | 107.646
|
| 2023 | Serial | 5% | 107.137
|
© 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.
