Published on 5/23/2012 in the Prospect News Municipals Daily.
New Issue: Ohio prices $303 million of natural resources, schools G.O. bonds
By Sheri Kasprzak
New York, May 23 - The State of Ohio priced $303 million of series 2012 general obligation bonds Wednesday, said a pricing sheet.
The deal included $280 million of series 2012B common schools G.O. bonds and $23 million of series Q natural resources G.O. bonds.
The 2012B bonds are due 2013 to 2032 with 4% to 5% coupons. The series Q bonds are due 2013 to 2027 with 3% to 5% coupons.
The bonds (Aa1/AA+/AA+) were sold competitively. Bank of America Merrill Lynch won the bid.
Proceeds will be deposited into the state's school building program assistance fund and its natural resources projects bond service fund.
| Issuer: | State of Ohio
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $303 million
|
| Type: | Competitive
|
| Underwriters: | Bank of America Merrill Lynch (winner)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | May 23
|
| Settlement date: | June 5
|
|
|
| $280 million series 2012B common schools G.O. bonds
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 4% | 102.967
|
| 2014 | Serial | 4% | 106.131
|
| 2015 | Serial | 4% | 109.177
|
| 2016 | Serial | 5% | 115.354
|
| 2017 | Serial | 5% | 118.050
|
| 2018 | Serial | 5% | 120.343
|
| 2019 | Serial | 5% | 122.185
|
| 2020 | Serial | 5% | 123.125
|
| 2021 | Serial | 5% | 123.856
|
| 2022 | Serial | 5% | 124.708
|
| 2023 | Serial | 5% | 125.423
|
| 2024 | Serial | 5% | 125.947
|
| 2025 | Serial | 5% | 126.320
|
| 2026 | Serial | 4% | 111.213
|
| 2027 | Serial | 4% | 110.226
|
| 2028 | Serial | 4% | 109.716
|
| 2029 | Serial | 4% | 109.094
|
| 2030 | Serial | 4% | 108.509
|
| 2031 | Serial | 4% | 107.120
|
| 2032 | Serial | 4% | 106.498
|
|
|
| $23 million series Q natural resources G.O. bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,305,000 | 2013 | Serial | 4% | 103.120
|
| $1.19 million | 2014 | Serial | 3% | 104.678
|
| $1.24 million | 2015 | Serial | 3% | 106.705
|
| $1,275,000 | 2016 | Serial | 3% | 108.461
|
| $1.32 million | 2017 | Serial | 3% | 109.639
|
| $1,365,000 | 2018 | Serial | 3% | 110.092
|
| $1.42 million | 2019 | Serial | 4% | 116.434
|
| $1,475,000 | 2020 | Serial | 4% | 116.300
|
| $1,545,000 | 2021 | Serial | 4% | 115.836
|
| $1,625,000 | 2022 | Serial | 4% | 115.247
|
| $1,705,000 | 2023 | Serial | 5% | 121.878
|
| $1,775,000 | 2024 | Serial | 5% | 120.578
|
| $1,845,000 | 2025 | Serial | 5% | 119.477
|
| $1.92 million | 2026 | Serial | 4% | 108.076
|
| $1,995,000 | 2027 | Serial | 4% | 106.983
|
© 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.
