By Sheri Kasprzak
New York, Feb. 11 - Ohio priced $50 million in series 2010 revitalization project bonds on Thursday, according to a pricing sheet.
The bonds (A1/AA-/A+) were sold through J.P. Morgan Securities Inc. and The Huntington Investment Co. The co-managers were Fifth Third Securities Inc. and Melvin Securities LLC.
The sale included $23.375 million in series 2010A bonds and $26.625 million in series 2010B Build America Bonds.
The 2010A bonds are due 2011 to 2018 with coupons from 2% to 5%. The 2010B bonds are due 2019 to 2025 with coupons from 5.181% to 5.851%, all priced at par.
Proceeds will be used to fund environmentally safe and responsible development on publicly and privately owned lands.
| Issuer: | Ohio
|
| Issue: | Series 2010 revitalization project bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities Inc. and The Huntington Investment Co. (lead), Fifth Third Securities Inc. and Melvin Securities LLC (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
| Fitch: A+
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 18
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | 101.959
|
| 2012 | Serial | 2% | 102.108
|
| 2013 | Serial | 3% | 105.264
|
| 2014 | Serial | 3% | 104.932
|
| 2014 | Serial | 4% | 109.336
|
| 2015 | Serial | 3% | 103.775
|
| 2015 | Serial | 5% | 114.267
|
| 2016 | Serial | 3% | 101.623
|
| 2016 | Serial | 5% | 113.658
|
| 2017 | Serial | 3% | 99.862
|
| 2018 | Serial | 3.25% | 99.773
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2019 | Serial | 5.181% | 100
|
| 2020 | Serial | 5.331% | 100
|
| 2021 | Serial | 5.441% | 100
|
| 2022 | Serial | 5.551% | 100
|
| 2023 | Serial | 5.651% | 100
|
| 2024 | Serial | 5.751% | 100
|
| 2025 | Serial | 5.851% | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
