By Sheri Kasprzak
New York, Feb. 10 - Hawaii priced $721.625 million in series 2010 general obligation and G.O. refunding bonds on Wednesday, according to term sheets.
The sale included $500 million in series 2010DX G.O. bonds and $221.625 million in series 2010DY G.O. refunding bonds.
The 2010DX bonds are due 2015 to 2030 with 3% to 5.53% coupons. The 2010DY bonds are due 2015 to 2020 with 3% to 5% coupons.
Citigroup Global Markets Inc. was the senior manager. The co-manager was Bank of America Merrill Lynch.
Proceeds will be used to refund several series of existing bonds.
| Issuer: | Hawaii
|
| Issue: | Series 2010D G.O. and G.O. refunding bonds
|
| Amount: | $721.625 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Bank of America Merrill Lynch (co-manager)
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 18
|
|
|
| Series 2010DX
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 3% | 100.397
|
| 2016 | Serial | 3.38% | 100.524
|
| 2017 | Serial | 3.73% | 100.595
|
| 2018 | Serial | 4.09% | 100.626
|
| 2019 | Serial | 4.29% | 100.686
|
| 2020 | Serial | 4.45% | 100.822
|
| 2021 | Serial | 4.6% | 100.88
|
| 2022 | Serial | 4.8% | 100.931
|
| 2023 | Serial | 4.95% | 100.979
|
| 2024 | Serial | 5.1% | 101.023
|
| 2025 | Serial | 5.23% | 100.471
|
| 2026 | Serial | 5.33% | 100.488
|
| 2027 | Serial | 5.43% | 100.504
|
| 2028 | Serial | 5.48% | 100.52
|
| 2029 | Serial | 5.51% | 100.535
|
| 2030 | Serial | 5.53% | 100.55
|
|
|
| Series 2010DY
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 3% | 105.563
|
| 2015 | Serial | 4% | 110.279
|
| 2015 | Serial | 5% | 114.994
|
| 2016 | Serial | 3% | 104.269
|
| 2016 | Serial | 4% | 109.814
|
| 2016 | Serial | 5% | 115.36
|
| 2017 | Serial | 3.5% | 105.951
|
| 2017 | Serial | 4% | 109.117
|
| 2017 | Serial | 5% | 115.449
|
| 2018 | Serial | 4% | 108.352
|
| 2018 | Serial | 5% | 115.432
|
| 2019 | Serial | 4% | 107.636
|
| 2019 | Serial | 5% | 115.429
|
| 2020 | Serial | 4% | 107.124
|
| 2020 | Serial | 5% | 115.606
|
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