Published on 10/7/2008 in the Prospect News Municipals Daily.
New Issue: Madison, Wis., prices $58.51 million G.O. promissory notes with 3.824% TIC
By Cristal Cody
Tupelo, Miss., Oct. 7 - Madison, Wis., priced $58.51 million in general obligation promissory notes with a 3.824% true interest cost on Tuesday, according to a market source.
The series 2008A notes (Aaa) priced with 4% to 4.3% coupons from 2009 through 2018. The yields were not available.
Hutchinson, Shockey, Erley & Co. was the winning bidder out of eight bids in the competitive sale.
| Issuer: | Madison, Wis.
|
| Issue: | General obligation promissory notes
|
| Amount: | $58.51 million
|
| Type: | Competitive
|
| True interest cost: | 3.824%
|
| Coupons: | 4%-4.3%
|
| Maturities: | 2009-2018
|
| Underwriter: | Hutchinson, Shockey, Erley & Co.
|
| Rating: | Moody's: Aaa
|
| Pricing date: | Oct. 7
|
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