Published on 3/27/2014 in the Prospect News Municipals Daily.
New Issue: Oklahoma Capitol Improvement brings $220.73 million of revenue bonds
By Sheri Kasprzak
New York, March 27 - The Oklahoma Capitol Improvement Authority sold $220,725,000 of series 2014A state facilities revenue refunding bonds, according to a pricing sheet.
The bonds (/AA/AA) were sold through Citigroup Global Markets Inc.
The bonds are due 2015 to 2030 with 2% to 5% coupons and 0.28% to 3.86% yields.
Proceeds will be used to refund the authority's series 2005A-F revenue bonds.
| Issuer: | Oklahoma Capitol Improvement Authority
|
| Issue: | Series 2014A state facilities revenue refunding bonds
|
| Amount: | $220,725,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), BOSC Inc., Baird & Co. and Wells, Nelson & Associates LLC (co-managers)
|
| Ratings: | Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | March 27
|
| Settlement date: | April 9
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $175,000 | 2015 | Serial | 2% | 102.106 | 0.28%
|
| $15.14 million | 2016 | Serial | 2% | 103.296 | 0.51%
|
| $3.32 million | 2017 | Serial | 2% | 103.167 | 1.00%
|
| $3.73 million | 2018 | Serial | 2% | 102.661 | 1.35%
|
| $3,605,000 | 2019 | Serial | 2% | 101.493 | 1.70%
|
| $3,465,000 | 2020 | Serial | 3% | 104.927 | 2.15%
|
| $3.03 million | 2021 | Serial | 3% | 103.285 | 2.50%
|
| $1,675,000 | 2022 | Serial | 3% | 101.827 | 2.75%
|
| $16,795,000 | 2022 | Serial | 5% | 117.024 | 2.68%
|
| $1.22 million | 2023 | Serial | 3% | 100.398 | 2.95%
|
| $18.17 million | 2023 | Serial | 3% | 117.333 | 2.85%
|
| $7,755,000 | 2024 | Serial | 3% | 99.126 | 3.10%
|
| $12,225,000 | 2024 | Serial | 5% | 117.691 | 2.98%
|
| $885,000 | 2025 | Serial | 3% | 98.1235 | 3.20%
|
| $19.88 million | 2025 | Serial | 5% | 116.635 | 3.09%
|
| $5.16 million | 2026 | Serial | 3.25% | 98.506 | 3.40%
|
| $16,135,000 | 2026 | Serial | 5% | 115.685 | 3.19%
|
| $1.23 million | 2027 | Serial | 3.25% | 97.367 | 3.50%
|
| $21.04 million | 2027 | Serial | 5% | 114.837 | 3.28%
|
| $5,725,000 | 2028 | Serial | 3.5% | 98.233 | 3.66%
|
| $15,295,000 | 2028 | Serial | 5% | 113.905 | 3.38%
|
| $760,000 | 2029 | Serial | 3.625% | 98.327 | 3.77%
|
| $21.23 million | 2029 | Serial | 5% | 113.165 | 3.46%
|
| $1.11 million | 2030 | Serial | 3.75% | 98.678 | 3.86%
|
| $21.97 million | 2030 | Serial | 5% | 112.34 | 3.55%
|
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