By Sheri Kasprzak
New York, Nov. 5 - Mississippi priced $62.127 million in series 2009 general obligation notes on Thursday, according to a term sheet.
The notes were sold competitively with Morgan Stanley & Co. winning the bid.
The notes are due Nov. 17, 2010, and include $21.875 million in series 2009B taxable notes and $40.252 million in series 2009B tax-exempt notes.
The taxable notes have a 0.54% coupon priced at par and the tax-exempt notes have a 1.25% coupon to yield 0.35%.
Proceeds will be used to fund a variety of grants, including infrastructure, water, railroad, industry and technology grants.
| Issuer: | Mississippi
|
| Issue: | Series 2009B general obligation notes
|
| Amount: | $62.127 million
|
| Type: | Competitive
|
| Underwriter: | Morgan Stanley & Co. (lead)
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 17
|
|
|
| Taxable notes
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Term | 0.54% | 0.54%
|
|
|
| Tax-exempt notes
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Term | 1.25% | 0.35%
|
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