By Sheri Kasprzak
New York, Dec. 10 - Ohio priced $59.835 million in series 2009 conservation projects general obligation bonds (Aa2/AA+/AA) on Tuesday, according to an official statement.
The sale included $16.765 million in series 2009B tax-exempt bonds, $33.235 million in series 2009C Build America Bonds, $9.835 million in series 2009N natural resources G.O. bonds and $20.165 million in series 2009O natural resources G.O.s.
The 2009B bonds are due 2011 to 2016 with coupons from 2.5% to 4% and yields from 0.62% to 2.29%. The 2009C bonds are due 2017 to 2024 with 3.859% to 4.971% coupon, all priced at par.
The 2009N bonds are due 2011 to 2016 with coupons from 3% to 4% and yields from 0.62% to 2.29%. The 2009O bonds are due 2017 to 2024 with coupons from 3.859% to 4.971%, all priced at par.
The bonds were sold through lead managers KeyBanc Capital Markets LLC and Siebert Brandford Shank & Co. LLC. The co-managers were Fidelity Capital Markets Inc., Fifth Third Securities Inc., Mesirow Financial Inc., Loop Capital Markets LLC and PNC Capital Markets LLC.
Proceeds will be used to fund environmental conservation projects.
| Issuer: | Ohio
|
| Issue: | Series 2009 conservation project general obligation bonds
|
| Amount: | $80 million
|
| Type: | Negotiated
|
| Underwriters: | KeyBanc Capital Markets LLC and Siebert Brandford Shank & Co. LLC (lead); Fidelity Capital Markets Inc., Fifth Third Securities Inc., Mesirow Financial Inc., Loop Capital Markets LLC and PNC Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA
|
| Pricing date: | Dec. 8
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Yield
|
| 2011 | Serial | 3% | 0.62%
|
| 2012 | Serial | 3% | 0.91%
|
| 2013 | Serial | 2.5% | 1.18%
|
| 2014 | Serial | 3.5% | 1.55%
|
| 2015 | Serial | 3.5% | 1.93%
|
| 2016 | Serial | 4% | 2.29%
|
|
|
| Series 2009C
|
| Maturity | Type | Coupon | Yield
|
| 2017 | Serial | 3.859% | 3.859%
|
| 2018 | Serial | 4.371% | 4.371%
|
| 2019 | Serial | 4.471% | 4.471%
|
| 2020 | Serial | 4.621% | 4.621%
|
| 2021 | Serial | 4.721% | 4.721%
|
| 2022 | Serial | 4.821% | 4.821%
|
| 2023 | Serial | 4.921% | 4.921%
|
| 2024 | Serial | 4.971% | 4.971%
|
|
|
| Series 2009N
|
| Maturity | Type | Coupon | Yield
|
| 2011 | Serial | 3% | 0.62%
|
| 2012 | Serial | 3% | 0.91%
|
| 2013 | Serial | 3% | 1.18%
|
| 2014 | Serial | 3.5% | 1.55%
|
| 2015 | Serial | 3.5% | 1.93%
|
| 2016 | Serial | 4% | 2.29%
|
|
|
| Series 2009O
|
| Maturity | Type | Coupon | Yield
|
| 2017 | Serial | 3.859% | 3.859%
|
| 2018 | Serial | 4.371% | 4.371%
|
| 2019 | Serial | 4.471% | 4.471%
|
| 2020 | Serial | 4.621% | 4.621%
|
| 2021 | Serial | 4.721% | 4.721%
|
| 2022 | Serial | 4.821% | 4.821%
|
| 2023 | Serial | 4.921% | 4.921%
|
| 2024 | Serial | 4.971% | 4.971%
|
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