Published on 12/11/2014 in the Prospect News Municipals Daily.
New Issue: New Hampshire brings to market $144.93 million G.O. bonds
By Sheri Kasprzak
New York, Dec. 11 – The State of New Hampshire priced $144.93 million of series 2014 general obligation bonds, according to a pricing sheet.
The offering included $89,925,000 of series 2014A G.O. refunding bonds and $55,005,000 of series 2014B G.O. capital improvement bonds.
The 2014A bonds are due 2018 to 2028 with 1.5% to 5% coupons and 0.78% to 2.44% yields.
The 2014B bonds are due 2015 to 2034 with coupons from 2.5% to 5% and yields from 0.14% to 2.71%.
The bonds were sold through senior manager BofA Merrill Lynch.
Proceeds will be used to finance capital projects for the state, as well as to refund the state’s series 2002, 2005, 2006 and 2008 capital improvement and refunding bonds.
| Issuer: | State of New Hampshire
|
| Issue: | Series 2014 general obligation bonds
|
| Amount: | $144.93 million
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch (lead), Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 23
|
|
|
| $89,925,000 series 2014A G.O. refunding bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.59 million | 2018 | Serial | 1.5% | 102.262 | 0.78%
|
| $990,000 | 2018 | Serial | 4% | 110.121 | 0.78%
|
| $6,965,000 | 2019 | Serial | 5% | 116.144 | 1.05%
|
| $1,125,000 | 2020 | Serial | 3% | 108.345 | 1.33%
|
| $4.1 million | 2021 | Serial | 4% | 114.212 | 1.58%
|
| $11.68 million | 2022 | Serial | 5% | 121.56 | 1.79%
|
| $645,000 | 2023 | Serial | 3% | 107.752 | 1.97%
|
| $10.23 million | 2023 | Serial | 5% | 122.808 | 1.97%
|
| $10,555,000 | 2024 | Serial | 5% | 124.4 | 2.07%
|
| $10.63 million | 2025 | Serial | 5% | 125.429 | 2.20%
|
| $13,095,000 | 2026 | Serial | 5% | 124.499 | 2.29%
|
| $10,145,000 | 2027 | Serial | 5% | 123.475 | 2.39%
|
| $7,175,000 | 2028 | Serial | 5% | 122.967 | 2.44%
|
|
|
| $55,005,000 series 2014B G.O. capital improvement bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,305,000 | 2015 | Serial | 3% | 102.682 | 0.14%
|
| $3.3 million | 2016 | Serial | 4% | 106.966 | 0.39%
|
| $3.3 million | 2017 | Serial | 2.5% | 105.346 | 0.66%
|
| $3.3 million | 2018 | Serial | 5% | 115.704 | 0.93%
|
| $3.3 million | 2019 | Serial | 5% | 118.168 | 1.20%
|
| $3.3 million | 2020 | Serial | 5% | 120.193 | 1.44%
|
| $3.3 million | 2021 | Serial | 5% | 121.804 | 1.66%
|
| $3.3 million | 2022 | Serial | 5% | 123.157 | 1.85%
|
| $3.3 million | 2023 | Serial | 5% | 124.814 | 1.96%
|
| $3.3 million | 2024 | Serial | 5% | 126.299 | 2.06%
|
| $2.2 million | 2025 | Serial | 5% | 124.974 | 2.19%
|
| $2.2 million | 2026 | Serial | 5% | 123.865 | 2.30%
|
| $2.2 million | 2027 | Serial | 5% | 123.265 | 2.36%
|
| $2.2 million | 2028 | Serial | 5% | 122.768 | 2.41%
|
| $2.2 million | 2029 | Serial | 5% | 122.273 | 2.46%
|
| $2.2 million | 2030 | Serial | 5% | 121.78 | 2.51%
|
| $2.2 million | 2031 | Serial | 5% | 121.29 | 2.56%
|
| $2.2 million | 2032 | Serial | 5% | 120.802 | 2.61%
|
| $2.2 million | 2033 | Serial | 5% | 120.317 | 2.66%
|
| $2.2 million | 2034 | Serial | 5% | 119.833 | 2.71%
|
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