Published on 2/25/2014 in the Prospect News Municipals Daily.
New Issue: Oklahoma Water Resources prices $55.56 million clean water revenue debt
By Sheri Kasprzak
New York, Feb. 25 - The Oklahoma Water Resources Board sold $55.56 million of series 2014A clean water program revolving fund revenue refunding bonds, according to a pricing sheet.
The bonds (//AAA) were sold through BofA Merrill Lynch.
The bonds are due 2015 to 2026 with 0.188% to 3.671% coupons all priced at par.
Proceeds will be used to refund the board's outstanding series 2004 bonds, which were initially offered to fund loans to local governments for eligible clean and drinking water projects.
| Issuer: | Oklahoma Water Resources Board
|
| Issue: | Series 2014A clean water program revolving fund revenue refunding bonds
|
| Amount: | $55.56 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Rating: | Fitch: AAA
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.48 million | 2015 | Serial | 0.188% | 100
|
| $6,185,000 | 2016 | Serial | 0.464% | 100
|
| $5,805,000 | 2017 | Serial | 1.00% | 100
|
| $5.67 million | 2018 | Serial | 1.508% | 100
|
| $5.07 million | 2019 | Serial | 1.958% | 100
|
| $4,375,000 | 2020 | Serial | 2.444% | 100
|
| $4.07 million | 2021 | Serial | 2.794% | 100
|
| $4.1 million | 2022 | Serial | 3.071% | 100
|
| $4,015,000 | 2023 | Serial | 3.271% | 100
|
| $3,955,000 | 2024 | Serial | 3.451% | 100
|
| $3.18 million | 2025 | Serial | 3.571% | 100
|
| $2,655,000 | 2026 | Serial | 3.671% | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
