By Sheri Kasprzak
New York, May 25 - The State of Ohio brought $79.03 million of series 2012 development assistance bond anticipation notes, according to a pricing sheet.
The offering included $34.03 million of series 2012A notes, $40 million of series 2012B taxable Ohio direct loan program notes and $5 million of series 2012C taxable Innovation loan program notes.
All of the notes are due May 30, 2013.
The 2012A notes have a 0.35% coupon priced at par. Both the 2012B and 2012C notes have a 0.55% coupon priced at par.
The notes (MIG 1/SP-1+/F1+) were sold through Morgan Stanley & Co. LLC.
Proceeds will be used to make loans to local entities for a variety of capital projects.
| Issuer: | State of Ohio
|
| Issue: | Series 2012 development assistance bond anticipation notes
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| Amount: | $79.03 million
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| Type: | Negotiated
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| Underwriters: | Morgan Stanley & Co. LLC (lead)
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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: | May 24
|
| Settlement date: | May 30
|
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| $34.03 million series 2012A notes
|
| Maturity | Type | Coupon | Price
|
| May 30, 2013 | Term | 0.35% | 100
|
|
|
|
|
| $40 million series 2012B taxable Ohio direct loan program notes
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| Maturity | Type | Coupon | Price
|
| May 30, 2013 | Term | 0.55% | 100
|
|
|
|
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| $5 million series 2012C taxable Innovation loan program notes
|
| Maturity | Type | Coupon | Price
|
| May 30, 2013 | Term | 0.55% | 100
|
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