Published on 11/23/2011 in the Prospect News Municipals Daily.
New Issue: State Environmental Improvement, Mo., prices $106.83 million bonds
By Sheri Kasprzak
New York, Nov. 23 - The State Environmental Improvement and Energy Resources Authority of Missouri priced $106.83 million of series 2011A water pollution control and drinking water revenue refunding bonds, according to a pricing sheet.
The bonds were sold through Bank of America Merrill Lynch with George K. Baum & Co., Wells Fargo Securities LLC, J.P. Morgan Securities LLC, Oppenheimer & Co. Inc., Piper Jaffray & Co., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC as the co-managers.
The bonds are due 2012 to 2025 with 2% to 5% coupons.
Proceeds will be used to refund existing debt.
| Issuer: | State Environmental Improvement and Energy Resources Authority
|
| Issue: | Series 2011A water pollution control and drinking water revenue refunding bonds
|
| Amount: | $106.83 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), George K. Baum & Co., Wells Fargo Securities LLC, J.P. Morgan Securities LLC, Oppenheimer & Co. Inc., Piper Jaffray & Co., Rice Financial Products Co. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.18 million | 2012 | Serial | 2% | 100
|
| $1.375 million | 2012 | Serial | 2% | 100
|
| $100,000 | 2013 | Serial | 2% | 101.841
|
| $1.895 million | 2013 | Serial | 4% | 105.702
|
| $2.905 million | 2014 | Serial | 5% | 111.137
|
| $1.525 million | 2015 | Serial | 2% | 103.8
|
| $1.57 million | 2015 | Serial | 4% | 109.638
|
| $1.35 million | 2016 | Serial | 2% | 103.911
|
| $675,000 | 2016 | Serial | 3% | 107.903
|
| $3.43 million | 2016 | Serial | 5% | 117.198
|
| $530,000 | 2017 | Serial | 2% | 103.212
|
| $590,000 | 2017 | Serial | 5% | 119.277
|
| $3.075 million | 2017 | Serial | 5% | 117.989
|
| $2.825 million | 2018 | Serial | 4% | 114.238
|
| $2.04 million | 2018 | Serial | 5% | 121.032
|
| $610,000 | 2019 | Serial | 3% | 107.948
|
| $2.165 million | 2019 | Serial | 5% | 121.802
|
| $2.495 million | 2020 | Serial | 2.5% | 102.967
|
| $7.8 million | 2020 | Serial | 5% | 121.96
|
| $770,000 | 2021 | Serial | 3% | 105.813
|
| $8.235 million | 2021 | Serial | 5% | 122.574
|
| $1.52 million | 2021 | Serial | 5% | 122.913
|
| $2.755 million | 2022 | Serial | 3% | 104.522
|
| $12.085 million | 2022 | Serial | 5% | 123.065
|
| $14.15 million | 2023 | Serial | 5% | 121.17
|
| $1.055 million | 2023 | Serial | 5% | 120.579
|
| $16.415 million | 2024 | Serial | 5% | 119.406
|
| $310,000 | 2024 | Serial | 5% | 118.922
|
| $10.4 million | 2025 | Serial | 5% | 117.578
|
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