Published on 7/27/2016 in the Prospect News Municipals Daily.
New Issue: Ohio brings $218.23 million state infrastructure project revenue bonds
By Sheri Kasprzak
New York, July 27 – The State of Ohio sold $218,225,000 of series 2016 major new state infrastructure project revenue bonds, according to a pricing sheet.
The bonds (Aa2/AA) were sold through Goldman, Sachs & Co.
The bonds are due 2017 to 2028 with 4% to 5% coupons and yields from 0.66% to 2%.
Proceeds will be used to finance Ohio state capital infrastructure projects.
| Issuer: | State of Ohio
|
| Issue: | Series 2016 major new state infrastructure project revenue bonds
|
| Amount: | $218,225,000
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 12
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $13.61 million | 2017 | Serial | 4% | 104.453 | 0.66%
|
| $14,305,000 | 2018 | Serial | 5% | 109.993 | 0.69%
|
| $15.04 million | 2019 | Serial | 5% | 113.678 | 0.84%
|
| $15.81 million | 2020 | Serial | 5% | 116.952 | 1%
|
| $16.62 million | 2021 | Serial | 5% | 119.946 | 1.14%
|
| $17,475,000 | 2022 | Serial | 5% | 122.246 | 1.33%
|
| $18.37 million | 2023 | Serial | 5% | 124.558 | 1.46%
|
| $19,315,000 | 2024 | Serial | 5% | 126.36 | 1.61%
|
| $20,305,000 | 2025 | Serial | 5% | 128.191 | 1.72%
|
| $21,345,000 | 2026 | Serial | 5% | 128.532 | 1.82%
|
| $22.44 million | 2027 | Serial | 5% | 127.395 | 1.93%
|
| $23.59 million | 2028 | Serial | 5% | 126.677 | 2%
|
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