By Sheri Kasprzak
New York, July 8 - The State of Oklahoma priced $106.965 million in series 2010 general obligation Oklahoma building bonds on Thursday, according to a term sheet.
The bonds (Aa2/AA+/AA+) were sold through J.P. Morgan Securities Inc.
The offering included $102.67 million in series 2010A refunding bonds and $4.295 million in series 2010B taxable refunding bonds.
The 2010A bonds are due 2013 to 2018 with coupons from 2% to 5%. The 2010B bonds are due 2013 with a 1.59% coupon priced at par.
Proceeds will be used to refund existing bonds, which were used to finance improvements and repairs to state buildings and facilities.
| Issuer: | State of Oklahoma
|
| Issue: | Series 2010 general obligation Oklahoma building bonds
|
| Amount: | $106.965 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | July 8
|
| Settlement date: | July 20
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 103.383
|
| 2014 | Serial | 2% | 103.144
|
| 2014 | Serial | 4% | 110.907
|
| 2015 | Serial | 2% | 102.102
|
| 2015 | Serial | 4% | 111.661
|
| 2016 | Serial | 2.5% | 102.978
|
| 2016 | Serial | 5% | 117.03
|
| 2017 | Serial | 2.5% | 101.542
|
| 2017 | Serial | 4% | 111.186
|
| 2017 | Serial | 5% | 117.615
|
| 2018 | Serial | 2.75% | 102.163
|
| 2018 | Serial | 5% | 118.393
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2013 | Term | 1.59% | 100
|
© 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.
