Published on 5/13/2014 in the Prospect News Municipals Daily.
New Issue: Ohio Department of Administrative Services sells $65.15 million of COPs
By Sheri Kasprzak
New York, May 13 - The Ohio Department of Administrative Services sold $65.15 million of series 2014A refunding certificates of participation, according to a pricing sheet.
The COPs (Aa2/AA/) were sold competitively.
The certificates are due 2015 to 2018 with 4% to 5% coupons and 0.18% to 1.13% yields.
Proceeds will be used to refund existing COPs.
| Issuer: | Ohio Department of Administrative Services
|
| Issue: | Series 2014A refunding certificates of participation
|
| Amount: | $65.15 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | May 13
|
| Settlement date: | June 5
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $19,725,000 | 2015 | Serial | 5% | 105.961 | 0.18%
|
| $20,715,000 | 2016 | Serial | 5% | 110.242 | 0.40%
|
| $12.06 million | 2017 | Serial | 4% | 110.176 | 0.81%
|
| $12.65 million | 2018 | Serial | 4% | 111.844 | 1.13%
|
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