Published on 6/7/2011 in the Prospect News Municipals Daily.
New Issue: Ohio brings to market $50 million of 0.35% BANs priced at par
By Sheri Kasprzak
New York, June 7 - The State of Ohio priced $50 million of series 2011A revitalization project bond anticipation notes, said an official statement.
The notes (MIG 1/SP-1+/F1+) were sold through Bank of America Merrill Lynch with KeyBanc Capital Markets Inc., RBC Capital Markets LLC, Baird & Co. and Ross, Sinclaire & Associates LLC as the co-managers.
The notes are due June 1, 2012 and have a 0.35% coupon priced at par.
Proceeds will be used to foster environmentally sound and productive development and use or reuse of public and private lands within the state.
Issuer: | State of Ohio
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Issue: | Series 2011A revitalization project bond anticipation notes
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Amount: | $50 million
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Maturity: | June 1, 2012
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Coupon: | 0.35%
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Price: | 100
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Type: | Negotiated
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Underwriters: | Bank of America Merrill Lynch (lead), KeyBanc Capital Markets Inc., RBC Capital Markets LLC, Baird & Co. and Ross, Sinclaire & Associates LLC (co-managers)
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Ratings: | Moody's: MIG 1
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| Standard & Poor's: SP-1+
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| Fitch: F1+
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Pricing date: | June 1
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Settlement date: | June 9
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