Published on 12/15/2011 in the Prospect News Municipals Daily.
New Issue: Florida prices $164.04 million of series 2011F PECO refunding bonds
By Sheri Kasprzak
New York, Dec. 15 - The State of Florida sold $164,035,000 of series 2011F public education capital outlay refunding bonds, according to a pricing sheet.
The bonds were sold competitively with J.P. Morgan Securities LLC winning the bid.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to refund all or a portion of the state's series 2001F public education capital outlay bonds.
| Issuer: | State of Florida
|
| Issue: | Series 2011F public education capital outlay refunding bonds
|
| Amount: | $164,035,000
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Ratings: | Moody's: Aa1
|
| Fitch: AAA
|
| Pricing date: | Dec. 14
|
| Settlement date: | Jan. 5
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $605,000 | 2013 | Serial | 2% | 102.098
|
| $620,000 | 2014 | Serial | 2% | 102.974
|
| $630,000 | 2015 | Serial | 3% | 106.471
|
| $650,000 | 2016 | Serial | 3% | 107.834
|
| $670,000 | 2017 | Serial | 3% | 108.736
|
| $685,000 | 2018 | Serial | 3% | 108.744
|
| $710,000 | 2019 | Serial | 3% | 108.139
|
| $725,000 | 2020 | Serial | 3% | 106.9
|
| $750,000 | 2021 | Serial | 3% | 105.801
|
| $775,000 | 2022 | Serial | 3% | 104.337
|
| $9,545,000 | 2023 | Serial | 5% | 120.557
|
| $10.03 million | 2024 | Serial | 5% | 118.898
|
| $10.54 million | 2025 | Serial | 3.25% | 99.459
|
| $10.9 million | 2026 | Serial | 3.25% | 98.3
|
| $11,265,000 | 2027 | Serial | 4% | 103.975
|
| $11,735,000 | 2028 | Serial | 3.5% | 98.158
|
| $12.17 million | 2029 | Serial | 4% | 102.202
|
| $25.68 million | 2030 | Serial | 5% | 112.185
|
| $26,985,000 | 2031 | Serial | 5% | 111.42
|
| $28,365,000 | 2032 | Serial | 4% | 99.307
|
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