Published on 6/26/2014 in the Prospect News Municipals Daily.
New Issue: Oklahoma Capitol Improvement prices $55.5 million of refunding bonds
By Sheri Kasprzak
New York, June 26 – The Oklahoma Capitol Improvement Authority sold $55,505,000 of series 2014B state agency facilities revenue refunding bonds, said a pricing sheet.
The bonds (/AA/AA) were sold through senior manager Morgan Stanley & Co. LLC.
The bonds are due 2015 to 2024 with 2% to 5% coupons with 0.17% to 2.71% yields.
Proceeds will be used to refund the authority’s series 2004A revenue bonds.
Issuer: | Oklahoma Capitol Improvement Authority
|
Issue: | Series 2014B state agency facilities revenue refunding bonds
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Amount: | $55,505,000
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Type: | Negotiated
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Underwriters: | Morgan Stanley & Co. LLC (lead), BOSC Inc. and J.P. Morgan Securities LLC (co-managers)
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Ratings: | Standard & Poor’s: AA
|
| Fitch: AA
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Pricing date: | June 25
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Settlement date: | July 23
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$10 million | 2015 | Serial | 2% | 101.716 | 0.17%
|
$5 million | 2016 | Serial | 2% | 103.087 | 0.40%
|
$6,155,000 | 2016 | Serial | 3% | 105.016 | 0.40%
|
$5 million | 2017 | Serial | 3% | 106.588 | 0.73%
|
$6,485,000 | 2017 | Serial | 4% | 109.49 | 0.73%
|
$5 million | 2018 | Serial | 3% | 107.103 | 1.15%
|
$5,485,000 | 2018 | Serial | 5% | 114.784 | 1.15%
|
$5 million | 2019 | Serial | 3% | 107.163 | 1.49%
|
$5.9 million | 2019 | Serial | 5% | 116.652 | 1.49%
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$390,000 | 2020 | Serial | 4% | 112.158 | 1.83%
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$400,000 | 2021 | Serial | 4% | 112.07 | 2.12%
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$220,000 | 2022 | Serial | 4% | 111.885 | 2.35%
|
$230,000 | 2023 | Serial | 4% | 111.354 | 2.57%
|
$240,000 | 2024 | Serial | 4% | 111.172 | 2.71%
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