By Sheri Kasprzak
New York, Sept. 28 - The State of Iowa sold $178.9 million in series 2010B I-Jobs program special obligation bonds on Wednesday, according to a pricing sheet.
The bonds (Aa2/AA/) were sold through Bank of America Merrill Lynch.
The bonds are due 2012 to 2026 with coupons and yields from 0.92% to 4.535%.
Proceeds will be used to fund disaster recovery and prevention projects, as well as public infrastructure projects throughout the state and debt service reserve on the state's series 2009B I-Jobs Build America Bonds.
| Issuer: | State of Iowa
|
| Issue: | Series 2010B I-Jobs program special obligation bonds
|
| Amount: | $178.9 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 7
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 0.92% | 100
|
| 2013 | Serial | 1.438% | 100
|
| 2014 | Serial | 1.807% | 100
|
| 2015 | Serial | 2.157% | 100
|
| 2016 | Serial | 2.608% | 100
|
| 2017 | Serial | 2.858% | 100
|
| 2018 | Serial | 3.335% | 100
|
| 2019 | Serial | 3.485% | 100
|
| 2020 | Serial | 3.635% | 100
|
| 2021 | Serial | 3.785% | 100
|
| 2022 | Serial | 3.985% | 100
|
| 2023 | Serial | 4.185% | 100
|
| 2024 | Serial | 4.335% | 100
|
| 2025 | Serial | 4.435% | 100
|
| 2026 | Serial | 4.535% | 100
|
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