By Sheri Kasprzak
New York, July 7 - The State of Missouri sold on Wednesday $105.66 million of series 2010 general obligation refunding bonds, said a pricing sheet. The state had intended to bring $124.635 million of bonds.
The bonds (Aaa/AAA/AAA) were sold competitively with J.P. Morgan Securities Inc. winning the bid. The true interest cost came out to 2.29877%.
The offering included $81.45 million of water pollution control refunding bonds, $15.15 million of storm water control refunding bonds and $9.06 million of building refunding bonds.
The water pollution control bonds are due 2012 to 2022 with coupons from 4% to 5%. The storm water control bonds are also due 2012 to 2022 with 4% to 5% coupons. The building bonds are due 2012 to 2022 with 4% to 5% coupons.
Proceeds will be used to refund the state's outstanding water pollution control and storm water control bonds.
| Issuer: | State of Missouri
|
| Issue: | Series 2010 general obligation refunding bonds
|
| Amount: | $105.66 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities Inc. (winner)
|
| TIC: | 2.29877%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | July 7
|
| Settlement date: | July 27
|
|
|
| Series 2010 water pollution control bonds
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 4% | 108.2
|
| 2013 | Serial | 4% | 110.398
|
| 2014 | Serial | 5% | 116.499
|
| 2015 | Serial | 5% | 117.965
|
| 2016 | Serial | 5% | 118.509
|
| 2017 | Serial | 5% | 119.714
|
| 2018 | Serial | 5% | 120.39
|
| 2019 | Serial | 5% | 120.714
|
| 2020 | Serial | 5% | 121.137
|
| 2021 | Serial | 5% | 121.687
|
| 2022 | Serial | 5% | 121.193
|
|
|
| Series 2010 storm water control bonds
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 4% | 108.2
|
| 2013 | Serial | 4% | 110.398
|
| 2014 | Serial | 5% | 116.499
|
| 2015 | Serial | 5% | 117.965
|
| 2016 | Serial | 5% | 118.509
|
| 2017 | Serial | 5% | 119.714
|
| 2018 | Serial | 5% | 120.39
|
| 2019 | Serial | 5% | 120.714
|
| 2020 | Serial | 5% | 121.137
|
| 2021 | Serial | 5% | 121.687
|
| 2022 | Serial | 5% | 121.193
|
|
|
| Series 2010 building refunding bonds
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 4% | 108.2
|
| 2013 | Serial | 4% | 110.398
|
| 2014 | Serial | 5% | 116.499
|
| 2015 | Serial | 5% | 117.965
|
| 2016 | Serial | 5% | 118.509
|
| 2017 | Serial | 5% | 119.714
|
| 2018 | Serial | 5% | 120.39
|
| 2019 | Serial | 5% | 120.714
|
| 2020 | Serial | 5% | 121.137
|
| 2021 | Serial | 5% | 121.687
|
| 2022 | Serial | 5% | 121.193
|
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