By Sheri Kasprzak
New York, Nov. 17 – The State of Hawaii settled its $150 million of series 2014 Department of Business, Economic Development and Tourism green energy market securitization bonds, according to a pricing sheet.
The deal included $50 million of series 2014A-1 bonds and $100 million of series 2014A-2 bonds.
The 2014A-1 bonds are due July 1, 2022 and have a 1.467% coupon priced at par.
The 2014A-2 bonds are due Jan. 1, 2031 and have a 3.242% coupon priced at par.
Goldman Sachs & Co. and Citigroup Global Markets Inc. were the senior managers for the bonds (Aaa/AAA/AAA).
Proceeds will be used to finance environmentally beneficial projects.
| Issuer: | State of Hawaii
|
| Issue: | Department of Business, Economic Development and Tourism green energy market securitization bonds
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. and Citigroup Global Markets Inc. (lead)
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 13
|
|
|
| $50 million series 2014A-1 bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2022 | Term | 1.467% | 100
|
|
|
| $100 million series 2014A-2 bonds
|
| Maturity | Type | Coupon | Price
|
| Jan. 1, 2031 | Term | 3.242% | 100
|
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