By Sheri Kasprzak
New York, June 15 - The New York State Thruway Authority priced $408.775 million of series 2011A second general resolution highway and bridge trust fund bonds, said a pricing sheet.
The offering included $370.28 million of series 2011A-1 bonds and $38.495 million of series 2011A-2 bonds.
The 2011A-1 bonds are due 2012 to 2031 with 1.75% to 5% coupons.
The 2011A-2 bonds are due 2012 to 2018 with 1.75% to 4% coupons.
Citigroup Global Markets Inc. and Ramirez & Co. Inc. were the senior managers. The co-managers were Bank of America Merrill Lynch, Jefferies & Co., Loop Capital Markets LLC, BB&T Capital Markets, Fidelity Capital Markets Inc., KeyBanc Capital Markets Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Southwest Securities Inc.
Proceeds will be used to fund projects included in the authority's multi-year highway and bridge capital plan.
| Issuer: | New York State Thruway Authority
|
| Issue: | Series 2011A second general resolution highway and bridge trust fund bonds
|
| Amount: | $408.775 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Ramirez & Co. Inc. (lead), Bank of America Merrill Lynch, Jefferies & Co., Loop Capital Markets LLC, BB&T Capital Markets, Fidelity Capital Markets Inc., KeyBanc Capital Markets Inc., Morgan Keegan & Co. Inc., Morgan Stanley & Co. Inc. and Southwest Securities Inc. (co-managers)
|
| Pricing date: | June 15
|
| Settlement date: | June 23
|
|
|
| $370.28 million series 2011A-1 bonds
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 1.75% | 101.16
|
| 2013 | Serial | 4% | 106.075
|
| 2014 | Serial | 4% | 108.381
|
| 2015 | Serial | 4% | 110.1
|
| 2016 | Serial | 3% | 106.501
|
| 2016 | Serial | 5% | 116.658
|
| 2017 | Serial | 3% | 105.536
|
| 2017 | Serial | 5% | 116.393
|
| 2018 | Serial | 3% | 104.3
|
| 2018 | Serial | 5% | 116.77
|
| 2019 | Serial | 4% | 109.57
|
| 2019 | Serial | 5% | 116.557
|
| 2020 | Serial | 4% | 108.624
|
| 2020 | Serial | 5% | 116.326
|
| 2021 | Serial | 4% | 107.884
|
| 2021 | Serial | 5% | 116.274
|
| 2022 | Serial | 4% | NRO
|
| 2022 | Serial | 5% | NRO
|
| 2023 | Serial | 4% | NRO
|
| 2023 | Serial | 5% | NRO
|
| 2024 | serial | 5% | NRO
|
| 2025 | Serial | 4.25% | NRO
|
| 2025 | Serial | 5% | NRO
|
| 2026 | Serial | 4% | NRO
|
| 2026 | Serial | 5% | NRO
|
| 2027 | Serial | 4% | NRO
|
| 2027 | Serial | 5% | NRO
|
| 2028 | Serial | 5% | NRO
|
| 2029 | Serial | 5% | NRO
|
| 2030 | Serial | 5% | NRO
|
| 2031 | Serial | 4.25% | 99.201
|
| 2031 | Serial | 5% | NRO
|
|
|
| $38.495 million series 2011A-2
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.35 million | 2012 | Serial | 1.75% | 101.179
|
| $16.085 million | 2013 | Serial | 4% | 106.075
|
| $1.375 million | 2014 | Serial | 3% | 105.651
|
| $2.665 million | 2014 | Serial | 4% | 108.381
|
| $1.115 million | 2015 | Serial | 3% | 106.427
|
| $835,000 | 2015 | Serial | 4% | 110.1
|
| $3.35 million | 2016 | Serial | 4% | 111.08
|
| $2.025 million | 2017 | Serial | 4% | 110.964
|
| $695,000 | 2018 | Serial | 4% | 110.535
|
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