Published on 5/16/2012 in the Prospect News Municipals Daily.
New Issue: New Hampshire brings $98.25 million of highway grant anticipation bonds
By Sheri Kasprzak
New York, May 16 - The State of New Hampshire priced $98.25 million of series 2012 federal highway grant anticipation bonds on Wednesday, according to a pricing sheet.
The bonds (Aa2/AA/) were sold through Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC. The co-managers were Barclays Capital Inc. and Fidelity Capital Markets LLC.
The bonds are due 2013 to 2020 with 2% to 5% coupons.
Proceeds will be used to reconstruct and widen section of Interstate 93 in Salem, N.H., and Windham, N.H.
| Issuer: | State of New Hampshire
|
| Issue: | Series 2012 federal highway grant anticipation bonds
|
| Amount: | $98.25 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (lead); Barclays Capital Inc. and Fidelity Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | May 16
|
| Settlement date: | May 30
|
|
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $11,065,000 | 2013 | Serial | 2% | 100
|
| $5,605,000 | 2014 | Serial | 4% | 107.924
|
| $5,685,000 | 2014 | Serial | 5% | 110.162
|
| $11.8 million | 2015 | Serial | 5% | 113.977
|
| $1.27 million | 2016 | Serial | 3% | 109.223
|
| $11.12 million | 2016 | Serial | 5% | 117.571
|
| $1.03 million | 2017 | Serial | 4% | 115.202
|
| $11,955,000 | 2017 | Serial | 5% | 120.303
|
| $13.62 million | 2018 | Serial | 5% | 122.553
|
| $940,000 | 2019 | Serial | 3% | 110.633
|
| $13.36 million | 2019 | Serial | 5% | 124.353
|
| $10.8 million | 2020 | Serial | 5% | 125.482
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
