Published on 10/24/2012 in the Prospect News Municipals Daily.
New Issue: Oklahoma Water Resources brings $86.51 million of revenue bonds
By Sheri Kasprzak
New York, Oct. 24 - The Oklahoma Water Resources Board sold $86,505,000 of series 2012B revolving fund revenue bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through Bank of America Merrill Lynch.
The bonds are due 2014 to 2033 with 2% to 5% coupons.
Proceeds will be used to make subsidized loans to qualified local governments to make improvements to wastewater treatment facilities.
| Issuer: | Oklahoma Water Resources Board
|
| Issue: | Series 2012B revolving fund revenue bonds
|
| Amount: | $86,505,000
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), BOSC Inc., J.P. Morgan Securities LLC and Wells Nelson & Associates LLC (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Oct. 24
|
| Settlement date: | Nov. 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $620,000 | 2014 | Serial | 2% | 102.401
|
| $2.01 million | 2015 | Serial | 3% | 106.178
|
| $2.06 million | 2016 | Serial | 4% | 111.568
|
| $1,755,000 | 2017 | Serial | 5% | 118.551
|
| $805,000 | 2018 | Serial | 3% | 111.155
|
| $2.61 million | 2019 | Serial | 5% | 123.827
|
| $2.41 million | 2020 | Serial | 4% | 118.215
|
| $2.76 million | 2021 | Serial | 5% | 126.264
|
| $4,095,000 | 2022 | Serial | 5% | 127.259
|
| $4.81 million | 2023 | Serial | 5% | 125.687
|
| $5,245,000 | 2024 | Serial | 5% | 124.909
|
| $275,000 | 2025 | Serial | 4% | 113.571
|
| $3,225,000 | 2025 | Serial | 5% | 124.041
|
| $600,000 | 2026 | Serial | 3% | 103.315
|
| $1,605,000 | 2026 | Serial | 4% | 112.941
|
| $610,000 | 2027 | Serial | 4% | 111.96
|
| $6.04 million | 2027 | Serial | 5% | 122.799
|
| $6,255,000 | 2028 | Serial | 5% | 122.231
|
| $7,455,000 | 2029 | Serial | 4% | 110.902
|
| $7,915,000 | 2030 | Serial | 4% | 110.377
|
| $1.23 million | 2031 | Serial | 3% | 100
|
| $6,265,000 | 2031 | Serial | 4% | 109.855
|
| $9.41 million | 2032 | Serial | 5% | 119.99
|
| $6.44 million | 2033 | Serial | 3% | 98.793
|
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