By Sheri Kasprzak
New York, Nov. 22 - The State of Ohio priced $300 million of series 2010 higher education general obligation bonds on Monday, according to a pricing sheet.
The sale included $4.535 million of series 2010D tax-exempt bonds and $295.465 million of series 2010E.
The 2010D bonds are due Aug. 1, 2012 and have a 1.409% coupon priced at par. The 2010E bonds are due 2013 to 2024 with a term bond due in 2030. The serial coupons range from 1.615% to 4.861%, all priced at par. The 2030 bonds have a 5.278% coupon priced at par.
The Huntington Investment Co. and Barclays Capital Inc. were the senior managers. The co-managers included Bank of America Merrill Lynch, Baird & Co., Estrada Hinojosa & Co. Inc., Goldman Sachs & Co., KeyBanc Capital Markets Inc., Lebenthal & Co. and Mesirow Financial Inc.
Proceeds will be used to fund capital needs for state-supported higher education facilities.
| Issuer: | State of Ohio
|
| Issue: | Series 2010 higher education general obligation bonds
|
| Amount: | $300 million
|
| Type: | Negotiated
|
| Underwriters: | The Huntington Investment Co. and Barclays Capital Inc. (lead), Bank of America Merrill Lynch, Baird & Co., Estrada Hinojosa & Co. Inc., Goldman Sachs & Co., KeyBanc Capital Markets Inc., Lebenthal & Co. and Mesirow Financial Inc. (co-managers)
|
| Pricing date: | Nov. 22
|
| Settlement date: | Dec. 3
|
|
|
| $4.535 million series 2010D
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.535 million | Aug. 1, 2012 | Term | 1.409% | 100
|
|
|
| $295.465 million series 2010E
|
| Amount | Maturity | Type | Coupon | Price
|
| $11.75 million | 2013 | Serial | 1.615% | 100
|
| $11.975 million | 2014 | Serial | 2.177% | 100
|
| $12.26 million | 2015 | Serial | 2.527% | 100
|
| $12.605 million | 2016 | Serial | 2.978% | 100
|
| $13.01 million | 2017 | Serial | 3.328% | 100
|
| $13.48 million | 2018 | Serial | 3.761% | 100
|
| $14.005 million | 2019 | Serial | 3.911% | 100
|
| $14.575 million | 2020 | Serial | 4.061% | 100
|
| $15.195 million | 2021 | Serial | 4.261% | 100
|
| $15.87 million | 2022 | Serial | 4.461% | 100
|
| $16.615 million | 2023 | Serial | 4.711% | 100
|
| $17.435 million | 2024 | Serial | 4.861% | 100
|
| $126.69 million | 2030 | Term | 5.278% | 100
|
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