By Sheri Kasprzak
New York, Dec. 7 - The Oklahoma Turnpike Authority sold $159.65 million of series 2011B Oklahoma Turnpike System second senior revenue bonds, according to a pricing sheet.
The bonds (Aa3/AA-/AA-) were sold through J.P. Morgan Securities LLC. The co-managers were BOSC Inc.; Edward D. Jones & Co. LP; and Wells, Nelson & Associates Inc.
The bonds are due 2014 to 2031 with 2% to 5% coupons.
Proceeds will be used to finance capital costs associated with turnpike system improvements and projects.
| Issuer: | Oklahoma Turnpike Authority
|
| Issue: | Series 2011B Oklahoma Turnpike System second senior revenue bonds
|
| Amount: | $159.65 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), BOSC Inc.; Edward D. Jones & Co. LP; and Wells, Nelson & Associates Inc. (co-managers)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.015 million | 2014 | Serial | 3% | 104.681
|
| $1.35 million | 2015 | Serial | 3% | 106.044
|
| $1.425 million | 2016 | Serial | 4% | 110.937
|
| $1.555 million | 2018 | Serial | 3% | 107.437
|
| $5,000 | 2019 | Serial | 2% | 100.458
|
| $5,000 | 2020 | Serial | 2.25% | 100.292
|
| $1.655 million | 2021 | Serial | 2.5% | 100
|
| $3.25 million | 2021 | Serial | 4% | 112.074
|
| $1.275 million | 2021 | Serial | 5% | 120.123
|
| $1.16 million | 2022 | Serial | 2.75% | 100.558
|
| $3.25 million | 2022 | Serial | 5% | 118.522
|
| $1.32 million | 2023 | Serial | 3% | 100.869
|
| $5.11 million | 2023 | Serial | 5% | 116.686
|
| $2.695 million | 2024 | Serial | 3.125% | 100.43
|
| $4.975 million | 2024 | Serial | 5% | 115.139
|
| $7.065 million | 2025 | Serial | 5% | 113.365
|
| $2.5 million | 2026 | Serial | 3.5% | 101.082
|
| $5.025 million | 2026 | Serial | 5% | 112.698
|
| $7.98 million | 2027 | Serial | 5% | 111.706
|
| $3.885 million | 2028 | Serial | 3.625% | 100.113
|
| $4.59 million | 2028 | Serial | 5% | 110.642
|
| $3.95 million | 2029 | Serial | 3.75% | 100.456
|
| $28.045 million | 2029 | Serial | 5% | 109.994
|
| $24.045 million | 2030 | Serial | 3.85% | 100
|
| $9.5 million | 2030 | Serial | 5% | 108.711
|
| $16 million | 2031 | Serial | 4% | 100.451
|
| $16.215 million | 2031 | Serial | 5% | 107.997
|
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