By Sheri Kasprzak
New York, Oct. 21 - Ohio sold $75 million in series 2009B Third Frontier research and development general obligation bonds (/AA+/AA), according to a pricing sheet.
The bonds were sold through senior managers RBC Capital Markets Inc. and PNC Capital Markets LLC. The co-managers included Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Rice Financial Products Co. and Robert W. Baird & Co.
The bonds are due 2012 to 2019, with coupons ranging from 2% to 5%.
Proceeds will be used to fund research and development costs associated with the Third Frontier program, which expands the state's high-tech research capabilities and fosters the creation of new high-tech jobs in the state.
| Issuer: | Ohio
|
| Issue: | Series 2009B Third Frontier research and development general obligation bonds
|
| Amount: | $75 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets Inc. and PNC Capital Markets LLC (lead), Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc., Rice Financial Products Co. and Robert W. Baird & Co. (co-managers)
|
| Ratings: | Standard & Poor's: AA+
|
| Fitch: AA
|
| Pricing date: | Oct. 21
|
| Settlement date: | Nov. 3
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 2%
|
| 2012 | Serial | 3%
|
| 2013 | Serial | 3%
|
| 2013 | Serial | 4%
|
| 2014 | Serial | 3%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 4%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 3.25%
|
| 2016 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 3.25%
|
| 2017 | Serial | 4%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 3.5%
|
| 2018 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 3.5%
|
| 2019 | Serial | 4%
|
| 2019 | Serial | 5%
|
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