Published on 9/26/2014 in the Prospect News Municipals Daily.
New Issue: Oklahoma Capitol Improvement prices $83.75 million of refunding bonds
By Sheri Kasprzak
New York, Sept. 26 – The Oklahoma Capitol Improvement Authority priced $83,745,000 of series 2014C state agency facilities refunding revenue bonds, according to a pricing sheet.
The bonds (/AA/AA) were sold through Goldman, Sachs & Co.
The bonds are due 2015 to 2034 with 2% to 5% coupons and yields from 0.18% to 3.57%.
Proceeds will be used to refund the authority’s series 2006D state agency facilities revenue bonds.
| Issuer: | Oklahoma Capitol Improvement Authority
|
| Issue: | Series 2014C state agency facilities refunding revenue bonds
|
| Amount: | $83,745,000
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead) and BOSC Inc. (co-manager)
|
| Ratings: | Standard & Poor’s: AA
|
| Fitch: AA
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1,845,000 | 2015 | Serial | 2% | 101.368 | 0.18%
|
| $2,565,000 | 2016 | Serial | 2% | 102.827 | 0.38%
|
| $2,615,000 | 2017 | Serial | 3% | 106.231 | 0.71%
|
| $2,695,000 | 2018 | Serial | 4% | 111.021 | 1.00%
|
| $3.26 million | 2019 | Serial | 5% | 117.098 | 1.28%
|
| $3,425,000 | 2020 | Serial | 5% | 118.612 | 1.60%
|
| $230,000 | 2021 | Serial | 3% | 106.807 | 1.92%
|
| $3,365,000 | 2021 | Serial | 5% | 119.416 | 1.92%
|
| $3.77 million | 2022 | Serial | 4% | 112.61 | 2.22%
|
| $2.83 million | 2023 | Serial | 3% | 104.628 | 2.41%
|
| $1.09 million | 2023 | Serial | 5% | 120.324 | 2.41%
|
| $4.06 million | 2024 | Serial | 5% | 121.708 | 2.48%
|
| $300,000 | 2025 | Serial | 3% | 101.951 | 2.77%
|
| $3,965,000 | 2025 | Serial | 5% | 121.129 | 2.54%
|
| $290,000 | 2026 | Serial | 3% | 100.671 | 2.92%
|
| $4.18 million | 2026 | Serial | 5% | 120.362 | 2.62%
|
| $4.69 million | 2027 | Serial | 3% | 99.472 | 3.05%
|
| $1,495,000 | 2028 | Serial | 3% | 98.004 | 3.18%
|
| $3,335,000 | 2028 | Serial | 5% | 118.752 | 2.79%
|
| $3,605,000 | 2029 | Serial | 3% | 96.742 | 3.28%
|
| $1,435,000 | 2029 | Serial | 5% | 118.096 | 2.86%
|
| $415,000 | 2030 | Serial | 3.25% | 98.539 | 3.37%
|
| $4,805,000 | 2030 | Serial | 5% | 117.445 | 2.93%
|
| $110,000 | 2031 | Serial | 4% | 105.964 | 3.28%
|
| $5,365,000 | 2031 | Serial | 5% | 116.89 | 2.99%
|
| $1.52 million | 2032 | Serial | 3.375% | 98.614 | 3.48%
|
| $4.23 million | 2032 | Serial | 5% | 116.43 | 3.04%
|
| $5.08 million | 2033 | Serial | 4% | 104.686 | 3.43%
|
| $930,000 | 2033 | Serial | 3.375% | 97.883 | 3.53%
|
| $2.26 million | 2034 | Serial | 3.5% | 99.01 | 3.57%
|
| $3,985,000 | 2034 | Serial | 3.375% | 97.249 | 3.57%
|
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