Published on 10/11/2012 in the Prospect News Municipals Daily.
New Issue: Ohio sells $154.41 million of highway capital improvement bonds
By Sheri Kasprzak
New York, Oct. 11 - The State of Ohio priced $154,405,000 of series Q general obligation highway capital improvement bonds, said a pricing sheet.
The bonds (Aa1/AAA/AA+) were sold through Wells Fargo Securities LLC.
The bonds are due 2014 to 2028 with 1.5% to 5% coupons.
Proceeds will be used to finance highway capital projects.
| Issuer: | State of Ohio
|
| Issue: | Series Q general obligation highway capital improvement bonds
|
| Amount: | $154,405,000
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC (lead), Fifth Third Securities Inc., The Huntington Investment Co., KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Piper Jaffray & Co. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AA+
|
| Pricing date: | Oct. 11
|
| Settlement date: | Oct. 24
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,125,000 | 2014 | Serial | 2% | 102.529
|
| $1,825,000 | 2014 | Serial | 3% | 104.043
|
| $2,025,000 | 2015 | Serial | 1.5% | 102.652
|
| $2,625,000 | 2015 | Serial | 3% | 106.407
|
| $3.2 million | 2015 | Serial | 4% | 108.909
|
| $100,000 | 2016 | Serial | 4% | 112.008
|
| $7,985,000 | 2016 | Serial | 5% | 115.489
|
| $2.55 million | 2017 | Serial | 4% | 114.463
|
| $5.94 million | 2017 | Serial | 5% | 118.899
|
| $8.89 million | 2018 | Serial | 5% | 121.907
|
| $9,335,000 | 2019 | Serial | 5% | 123.973
|
| $995,000 | 2020 | Serial | 3% | 111.155
|
| $8,805,000 | 2020 | Serial | 5% | 125.365
|
| $10.65 million | 2021 | Serial | 5% | 126.341
|
| $3,305,000 | 2022 | Serial | 4% | 118.399
|
| $7.5 million | 2022 | Serial | 5% | 127.078
|
| $6.81 million | 2023 | Serial | 4% | 116.503
|
| $4.5 million | 2023 | Serial | 5% | 125.689
|
| $11,805,000 | 2024 | Serial | 5% | 124.078
|
| $12.4 million | 2025 | Serial | 5% | 123.832
|
| $13,015,000 | 2026 | Serial | 5% | 123.157
|
| $13.67 million | 2027 | Serial | 5% | 122.485
|
| $14.35 million | 2028 | Serial | 5% | 121.913
|
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