Published on 1/22/2015 in the Prospect News Municipals Daily.
New Issue: Oklahoma Capitol Improvement sells $50 million of capitol repair bonds
By Sheri Kasprzak
New York, Jan. 22 – The Oklahoma Capitol Improvement Authority sold $50 million of series 2015A state facilities capitol repair project revenue bonds, according to a pricing sheet.
The bonds (/AA/AA) were sold through BOSC Inc.
The bonds are due 2016 to 2025 with 2% to 5% coupons and 0.20% to 2.14% yields.
Proceeds will be used to repair and remodel the Oklahoma State Capitol Building.
| Issuer: | Oklahoma Capitol Improvement Authority
|
| Issue: | Series 2015A state facilities capitol repair project revenue bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), RBC Capital Markets LLC and Wells Nelson and Associates Inc. (co-managers)
|
| Ratings: | Standard & Poor’s: AA
|
| Fitch: AA
|
| Pricing date: | Jan. 22
|
| Settlement date: | Feb. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $11.55 million | 2016 | Serial | 2% | 101.592 | 0.20%
|
| $10,415,000 | 2017 | Serial | 3% | 104.609 | 0.54%
|
| $810,000 | 2018 | Serial | 3% | 106.263 | 0.80%
|
| $2,255,000 | 2018 | Serial | 4% | 109.111 | 0.80%
|
| $3,185,000 | 2019 | Serial | 3% | 107.326 | 1.07%
|
| $700,000 | 2020 | Serial | 3% | 108.12 | 1.28%
|
| $2,575,000 | 2020 | Serial | 5% | 117.563 | 1.28%
|
| $3,425,000 | 2021 | Serial | 3% | 108.243 | 1.53%
|
| $1,445,000 | 2022 | Serial | 3% | 108.142 | 1.74%
|
| $2,085,000 | 2022 | Serial | 5% | 121.067 | 1.74%
|
| $35,000 | 2023 | Serial | 3% | 108.019 | 1.90%
|
| $1.5 million | 2023 | Serial | 4% | 115.31 | 1.90%
|
| $2,145,000 | 2023 | Serial | 5% | 122.602 | 1.90%
|
| $120,000 | 2024 | Serial | 3% | 107.933 | 2.02%
|
| $500,000 | 2024 | Serial | 4% | 116.03 | 2.02%
|
| $3,225,000 | 2024 | Serial | 5% | 124.126 | 2.02%
|
| $100,000 | 2025 | Serial | 3% | 107.624 | 2.14%
|
|
|
| $3.93 million | 2025 | Serial | 5% | 125.359 | 2.14%
|
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