By Sheri Kasprzak
New York, July 28 - The State of Maryland priced Wednesday $143.335 million in second series A general obligation bonds through senior managers Citigroup Global Markets Inc. and M&T Securities Inc., said a pricing sheet.
The bonds (Aaa/AAA/AAA) are due 2013 to 2018 with coupons from 2% to 5%.
The co-managers included Bank of America Merrill Lynch; RBC Capital Markets Corp.; Siebert Brandford Shank & Co., LLC; Barclays Capital Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets, LLC; and Morgan Keegan & Co. Inc.
Proceeds will be used for state facilities as well as loans and grants to local governments.
| Issuer: | State of Maryland
|
| Issue: | Second series A general obligation bonds
|
| Amount: | $143.335 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and M&T Securities Inc. (leads); Bank of America Merrill Lynch; RBC Capital Markets Corp.; Siebert Brandford Shank & Co., LLC; Barclays Capital Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities Inc.; Loop Capital Markets, LLC; and Morgan Keegan & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 10
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 104.001
|
| 2013 | Serial | 3% | 106.943
|
| 2014 | Serial | 2% | 104.405
|
| 2014 | Serial | 3% | 108.304
|
| 2015 | Serial | 3% | 108.163
|
| 2015 | Serial | 4% | 112.966
|
| 2016 | Serial | 4% | 113.136
|
| 2016 | Serial | 5% | 118.798
|
| 2017 | Serial | 4% | 113.168
|
| 2017 | Serial | 5% | 119.655
|
| 2018 | Serial | 3% | 105.897
|
| 2018 | Serial | 4% | 113.178
|
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