By Sheri Kasprzak
New York, April 16 - The state of North Carolina priced $400 million in series 2009 capital improvement limited general obligation bonds on Thursday, said Heather Franco, spokeswoman for the state treasurer's office.
The bonds were sold through lead manager Banc of America Securities LLC. The co-managers are BB&T Capital Markets LLC, RBC Capital Markets and Wachovia Securities Inc.
The bonds are due 2010 to 2029 with coupons from 2% to 5% and yields from 0.48% to 4.73%.
The proceeds will be used for hospital facility construction and maintenance.
| Issuer: | North Carolina
|
| Issue: | Series 2009 capital improvement limited general obligation bonds
|
| Amount: | $400 million
|
| Type: | Negotiated
|
| Underwriters: | Banc of America Securities LLC (lead); BB&T Capital Markets LLC, RBC Capital Markets and Wachovia Securities (co-managers)
|
| Pricing date: | April 16
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 2% | 0.48%
|
| 2011 | Serial | 2% | 1.20%
|
| 2011 | Serial | 4% | 1.20%
|
| 2012 | Serial | 2% | 1.50%
|
| 2012 | Serial | 5% | 1.50%
|
| 2013 | Serial | 2.25% | 1.90%
|
| 2013 | Serial | 4% | 1.90%
|
| 2014 | Serial | 3% | 2.28%
|
| 2014 | Serial | 4.5% | 2.28%
|
| 2015 | Serial | 2.75% | 2.56%
|
| 2015 | Serial | 5% | 2.56%
|
| 2016 | Serial | 3% | 2.80%
|
| 2016 | Serial | 4.5% | 2.80%
|
| 2016 | Serial | 5% | 2.80%
|
| 2017 | Serial | 3% | 3.03%
|
| 2017 | Serial | 5% | 3.03%
|
| 2018 | Serial | 3.25% | 3.26%
|
| 2018 | Serial | 4% | 3.26%
|
| 2018 | Serial | 5% | 3.26%
|
| 2019 | Serial | 3.5% | 3.47%
|
| 2019 | Serial | 5% | 3.47%
|
| 2020 | Serial | 4% | 3.67%
|
| 2020 | Serial | 5% | 3.67%
|
| 2021 | Serial | 5% | 3.83%
|
| 2022 | Serial | 4% | 3.96%
|
| 2022 | Serial | 5% | 3.96%
|
| 2023 | Serial | 5% | 4.11%
|
| 2024 | Serial | 5% | 4.24%
|
| 2025 | Serial | 5% | 4.38%
|
| 2026 | Serial | 5% | 4.50%
|
| 2027 | Serial | 4.5% | 4.59%
|
| 2027 | Serial | 5% | 4.55%
|
| 2028 | Serial | 4.625% | 4.67%
|
| 2028 | Serial | 5% | 4.64%
|
| 2029 | Serial | 4.625% | 4.73%
|
| 2029 | Serial | 4.75% | 4.73%
|
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