By Sheri Kasprzak
New York, March 24 - The Oklahoma Water Resources Board sold $141.965 million of series 2011 revolving fund revenue bonds Thursday, said a pricing sheet.
The sale included $85 million of series 2011A bonds and $56.965 million of series 2011B bonds.
The 2011A bonds are due 2012 to 2031 with 3% to 5% coupons. The 2011B bonds are due 2013 to 2031 with term bonds due in 2036, 2039 and 2042. The coupons range from 2% to 5%. The 2036 bonds have a 5.25% coupon priced at 103.129 and the 2039 bonds have a 4.75% coupon priced at 98.476. The 2042 bonds have a 4.75% coupon priced at 97.932.
Merrill Lynch was the senior manager for the offering with BOSC Inc. and Wells Nelson & Associates Inc. as the co-managers.
Proceeds will be used to make subsidized loans to qualified government entities to construct and improve wastewater treatment and drinking water facilities.
| Issuer: | Oklahoma Water Resources Board
|
| Issue: | Series 2011 revolving fund revenue bonds
|
| Amount: | $141.965 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch (lead), BOSC Inc. and Wells Nelson & Associates Inc. (co-managers)
|
| Pricing date: | March 24
|
| Settlement date: | April 13
|
|
|
| $85 million series 2011A
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 4% | 103.519
|
| 2013 | Serial | 3% | 104.564
|
| 2014 | Serial | 4% | 108.778
|
| 2015 | Serial | 5% | 113.594
|
| 2016 | Serial | 4% | 110.457
|
| 2017 | Serial | 5% | 116.365
|
| 2018 | Serial | 4% | 110.207
|
| 2018 | Serial | 5% | 116.587
|
| 2019 | Serial | 5% | 116.855
|
| 2020 | Serial | 4% | 108.712
|
| 2020 | Serial | 5% | 116.561
|
| 2021 | Serial | 5% | 116.275
|
| 2022 | Serial | 5% | 115.236
|
| 2023 | Serial | 5% | 114.561
|
| 2024 | Serial | 5% | 113.513
|
| 2025 | Serial | 5% | 112.563
|
| 2026 | Serial | 5% | 111.777
|
| 2027 | Serial | 5% | 111.213
|
| 2028 | Serial | 5% | 110.535
|
| 2029 | Serial | 5% | 109.753
|
| 2030 | Serial | 5% | 108.741
|
| 2031 | Serial | 4.25% | 97.759
|
|
|
| $56.965 million series 2011B
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 102.613
|
| 2013 | Serial | 3% | 104.564
|
| 2014 | Serial | 3% | 105.861
|
| 2015 | Serial | 2% | 102.073
|
| 2016 | Serial | 3% | 105.725
|
| 2017 | Serial | 2.5% | 102.401
|
| 2018 | Serial | 5% | 116.587
|
| 2019 | Serial | 3% | 102.57
|
| 2019 | Serial | 5% | 116.855
|
| 2020 | Serial | 3.25% | 102.825
|
| 2020 | Serial | 5% | 116.561
|
| 2021 | Serial | 3% | 99.232
|
| 2021 | Serial | 5% | 116.275
|
| 2022 | Serial | 5% | 114.064
|
| 2023 | Serial | 5% | 112.528
|
| 2024 | Serial | 3.5% | 98.156
|
| 2024 | Serial | 5% | 110.928
|
| 2025 | Serial | 5% | 109.616
|
| 2026 | Serial | 5% | 108.58
|
| 2027 | Serial | 4% | 99.531
|
| 2027 | Serial | 5% | 107.81
|
| 2028 | Serial | 5% | 107.047
|
| 2029 | Serial | 4.125% | 98.81
|
| 2029 | Serial | 5% | 106.291
|
| 2030 | Serial | 4.25% | 99.098
|
| 2030 | Serial | 5% | 105.458
|
| 2031 | Serial | 4.25% | 97.759
|
| 2036 | Term | 5.25% | 103.129
|
| 2039 | Term | 4.75% | 98.476
|
| 2042 | Term | 4.75% | 97.932
|
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