Published on 10/20/2015 in the Prospect News Municipals Daily.
New Issue: Ohio offers $300 million of higher education general obligation bonds
By Sheri Kasprzak
New York, Oct. 20 – The State of Ohio sold $300 million of series 2015C higher education general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AA+) were sold competitively.
The bonds are due 2016 to 2035 with 2% to 5% coupons and yields from 0.32% to 3.01%.
Proceeds will be used to finance capital projects at state-supported or state-assisted institutions of higher education.
Issuer: | State of Ohio
|
Issue: | Series 2015C higher education general obligation bonds
|
Amount: | $300 million
|
Type: | Competitive
|
Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Fitch: AA+
|
Pricing date: | Oct. 20
|
Settlement date: | Nov. 3
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$10.06 million | 2016 | Serial | 2% | 101.666 | 0.32%
|
$10.42 million | 2017 | Serial | 2% | 102.771 | 0.60%
|
$10,735,000 | 2018 | Serial | 2% | 103.543 | 0.80%
|
$11,055,000 | 2019 | Serial | 2% | 103.627 | 1.07%
|
$11,385,000 | 2020 | Serial | 3% | 107.943 | 1.35%
|
$11.73 million | 2021 | Serial | 4% | 113.973 | 1.55%
|
$12.08 million | 2022 | Serial | 5% | 121.234 | 1.76%
|
$12,565,000 | 2023 | Serial | 5% | 122.31 | 1.97%
|
$13.19 million | 2024 | Serial | 5% | 123.933 | 2.07%
|
$13.85 million | 2025 | Serial | 5% | 124.067 | 2.18%
|
$14,545,000 | 2026 | Serial | 5% | 122.911 | 2.30%
|
$15.27 million | 2027 | Serial | 5% | 121.862 | 2.41%
|
$16,035,000 | 2028 | Serial | 5% | 120.919 | 2.51%
|
$16,835,000 | 2029 | Serial | 5% | 120.17 | 2.59%
|
$17.68 million | 2030 | Serial | 5% | 119.334 | 2.68%
|
$18.56 million | 2031 | Serial | 5% | 118.505 | 2.77%
|
$19.49 million | 2032 | Serial | 5% | 117.956 | 2.83%
|
$20,465,000 | 2033 | Serial | 5% | 117.229 | 2.91%
|
$21.49 million | 2034 | Serial | 5% | 116.777 | 2.96%
|
$22.56 million | 2035 | Serial | 5% | 116.327 | 3.01%
|
|
|
© 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.