New Issue: Maryland Economic Development sells $199.56 million of Maryland Aviation bonds

By Sheri Kasprzak

New York, Oct. 17 - The Maryland Economic Development Corp. sold $199,555,000 of series 2012 taxable lease revenue refunding bonds for the Maryland Aviation Administration Facilities, said a pricing sheet.

The bonds (Aa1/AA+/) were sold competitively.

The securities are due 2013 to 2030 with 0.30% to 3.81% coupons.

Proceeds will be used to refund the corporation's series 2003 lease revenue bonds issued for the Maryland Aviation Administration Facilities.

Issuer:	Maryland Economic Development Corp./Maryland Aviation Administration Facilities
Issue:	Series 2012 taxable lease revenue refunding bonds
Amount:	$199,555,000
Type:	Competitive
Ratings:	Moody's: Aa1
	Standard & Poor's: AA+
Pricing date:	Oct. 17
Settlement date:	Oct. 31
Amount	Maturity	Type	Coupon	Price
$11.98 million	2013	Serial	0.30%	100
$10.05 million	2014	Serial	0.60%	100.047
$10,105,000	2015	Serial	0.75%	100.05
$10,185,000	2016	Serial	1.25%	100.244
$10.32 million	2017	Serial	1.45%	100.309
$10.46 million	2018	Serial	1.80%	100.317
$10,645,000	2019	Serial	2.05%	100.367
$10,865,000	2020	Serial	2.25%	100.416
$10.07 million	2021	Serial	2.5%	100.538
$10.32 million	2022	Serial	2.8%	100.585
$10.61 million	2023	Serial	2.88%	100
$10,915,000	2024	Serial	2.9%	98.736
$11,235,000	2025	Serial	3.05%	98.658
$11,575,000	2026	Serial	3.15%	98.582
$11.94 million	2027	Serial	3.25%	98.511
$12,325,000	2028	Serial	3.35%	98.444
$12.74 million	2029	Serial	3.76%	100
$13,215,000	2030	Serial	3.81%	100

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