By Sheri Kasprzak
New York, May 25 - The State of Ohio priced $115 million of series 2012 revitalization project bond anticipation notes, said a term sheet.
The deal included $100 million of series 2012A notes and $15 million of series 2012B notes.
Both the notes are due May 30, 2013.
The 2012A notes have a 0.35% coupon priced at par, and the 2012B 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 provide money for loans to local entities for revitalization projects and to refund existing debt.
| Issuer: | State of Ohio
|
| Issue: | Series 2012 revitalization projects bond anticipation notes
|
| Amount: | $115 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC (lead)
|
| Ratings: | Moody's: MIG 1
|
| Standard & Poor's: SP-1+
|
| Fitch: F1+
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
|
|
| $100 million series 2012A notes
|
| Maturity | Type | Coupon | Price
|
| May 30, 2013 | Term | 0.35% | 100
|
|
|
| $15 million series 2012B notes
|
| Maturity | Type | Coupon | Price
|
| May 30, 2013 | Term | 0.55% | 100
|
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