By Sheri Kasprzak
New York, Sept. 14 - The State of Maryland came to market Wednesday with $200 million of series 2011E tax-exempt general obligation bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through J.P. Morgan Securities LLC.
The bonds are due 2014 to 2019 with 2% to 5% coupons.
Proceeds will be used to advance refund existing general obligation bonds.
| Issuer: | State of Maryland
|
| Issue: | Series 2011E tax-exempt general obligation refunding bonds
|
| Amount: | $200 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 28
|
|
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 2% | 104.487
|
| 2014 | Serial | 3% | 107.309
|
| 2014 | Serial | 4% | 110.131
|
| 2015 | Serial | 2% | 105.425
|
| 2015 | Serial | 3% | 109.22
|
| 2015 | Serial | 4% | 113.014
|
| 2015 | Serial | 5% | 116.809
|
| 2016 | Serial | 2% | 105.199
|
| 2016 | Serial | 5% | 119.38
|
| 2017 | Serial | 3% | 110.243
|
| 2017 | Serial | 5% | 121.5
|
| 2018 | Serial | 3% | 110.059
|
| 2018 | Serial | 5% | 123.04
|
| 2019 | Serial | 3% | 109.35
|
| 2019 | Serial | 4% | 116.657
|
| 2019 | Serial | 5% | 123.963
|
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