By Aaron Hochman-Zimmerman
New York, March 10 - The Commonwealth of Pennsylvania priced $300 million first series 2009 general obligation bonds at a TIC of 4.214%, according to Joe Toy, a state budget analyst.
J.P. Morgan Securities Inc. won the competitive bid. Buchanan Ingersoll & Rooney PC acted as bond counsel to the deal.
The bonds carry maturities from 2010 to 2029.
Proceeds will be used for construction and rehabilitation of public buildings and to fund redevelopment assistance projects and bridge projects.
Issuer: Commonwealth of Pennsylvania
Issue: Series 2009 general obligation bonds
| Amount: | $300 million
|
| Maturities: | 2010 to 2029
|
| TIC: | 4.214%
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities Inc.
|
| Pricing date: | March 10
|
© 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.
