By Sheri Kasprzak
New York, Nov. 2 - The Ohio Turnpike Commission sold $131.3 million of series 2010A revenue refunding bonds on Tuesday, according to a pricing sheet.
The bonds (Aa3//AA) were sold through Morgan Stanley & Co. Inc.
The bonds are due 2021 to 2027 with a 2031 term bond. Coupons range from 4% to 5.25%.
Proceeds will be used to refund the commission's higher coupon series 1998B and 2001A bonds.
| Issuer: | Ohio Turnpike Commission
|
| Issue: | Series 2010A revenue refunding bonds
|
| Amount: | $131.3 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Ratings: | Moody's: Aa3
|
| Fitch: AA
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 16
|
|
|
| Maturity | Type | Coupon | Price
|
| 2021 | Serial | 4% | 104.8
|
| 2022 | Serial | 4% | 103.116
|
| 2022 | Serial | 5% | 112.003
|
| 2023 | Serial | 5% | 110.917
|
| 2024 | Serial | 5% | 110.091
|
| 2025 | Serial | 5% | 109.435
|
| 2026 | Serial | 5% | 108.784
|
| 2027 | Serial | 5.25% | 113.788
|
| 2031 | Term | 5% | 105.676
|
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