By Sheri Kasprzak
New York, Aug. 9 - The State of Ohio sold $50 million in series 2010 veterans' compensation general obligation bonds on Friday, according to an official statement.
The bonds (Aa1/AA+/AA+) were sold through Fifth Third Securities Inc., with Blaylock Robert Van LLC; Jefferies & Co.; PNC Capital Markets LLC; Ross, Sinclaire & Associates LLC; and Siebert Brandford Shank & Co. LLC as co-managers.
The bonds are due 2012 to 2025 with coupons from 1.008% to 4.909%, all priced at par.
Proceeds will be deposited to the state Department of Veterans Affairs claims and compensation fund.
| Issuer: | State of Ohio
|
| Issue: | Series 2010 veterans' compensation general obligation bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriters: | Fifth Third Securities Inc. (lead); Blaylock Robert Van LLC; Jefferies & Co.; PNC Capital Markets LLC; Ross, Sinclaire & Associates LLC; and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 12
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 1.008% | 100
|
| 2013 | Serial | 1.439% | 100
|
| 2014 | Serial | 1.935% | 100
|
| 2015 | Serial | 2.335% | 100
|
| 2016 | Serial | 2.946% | 100
|
| 2017 | Serial | 3.346% | 100
|
| 2018 | Serial | 3.659% | 100
|
| 2019 | Serial | 3.909% | 100
|
| 2020 | Serial | 4.009% | 100
|
| 2021 | Serial | 4.209% | 100
|
| 2022 | Serial | 4.509% | 100
|
| 2023 | Serial | 4.659% | 100
|
| 2024 | Serial | 4.759% | 100
|
| 2025 | Serial | 4.909% | 100
|
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