Published on 5/29/2014 in the Prospect News Municipals Daily.
New Issue: Ohio brings $249 million of G.O. highway capital improvement debt
By Sheri Kasprzak
New York, May 29 - The State of Ohio sold $249,005,000 of series 2014 general obligation highway capital improvement bonds, according to a pricing sheet.
The securities (Aa1/AAA/AA+) were sold through BofA Merrill Lynch.
The bonds are due 2015 to 2029 with 2% to 5% coupons and 0.13% to 3.10% yields.
Proceeds will be used to finance capital improvements to various Ohio highways.
| Issuer: | State of Ohio
|
| Issue: | Series 2014 general obligation highway capital improvement bonds
|
| Amount: | $249,005,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AA+
|
| Pricing date: | May 29
|
| Settlement date: | June 11
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $16,605,000 | 2015 | Serial | 4% | 103.436 | 0.13%
|
| $16.6 million | 2016 | Serial | 4% | 106.924 | 0.32%
|
| $16.6 million | 2017 | Serial | 5% | 112.551 | 0.61%
|
| $1,345,000 | 2018 | Serial | 2% | 104.077 | 0.93%
|
| $15,255,000 | 2018 | Serial | 4% | 111.698 | 0.93%
|
| $16.6 million | 2019 | Serial | 5% | 117.729 | 1.25%
|
| $1.76 million | 2020 | Serial | 2% | 102.522 | 1.55%
|
| $1.23 million | 2020 | Serial | 4% | 113.736 | 1.55%
|
| $13.61 million | 2020 | Serial | 5% | 119.343 | 1.55%
|
| $16.6 million | 2021 | Serial | 5% | 120.571 | 1.81%
|
| $440,000 | 2022 | Serial | 3% | 107.112 | 2.02%
|
| $16.16 million | 2022 | Serial | 5% | 121.628 | 2.02%
|
| $16.6 million | 2023 | Serial | 5% | 122.221 | 2.23%
|
| $925,000 | 2024 | Serial | 3% | 105.704 | 2.35%
|
| $15,675,000 | 2024 | Serial | 5% | 123.259 | 2.35%
|
| $16.6 million | 2025 | Serial | 5% | 122.271 | 2.45%
|
| $16.6 million | 2026 | Serial | 5% | 121.292 | 2.55%
|
| $16.6 million | 2027 | Serial | 5% | 120.419 | 2.64%
|
| $16.6 million | 2028 | Serial | 5% | 119.362 | 2.75%
|
| $1.11 million | 2029 | Serial | 3% | 98.812 | 3.10%
|
| $15.49 million | 2029 | Serial | 5% | 118.506 | 2.84%
|
© 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.
