By Sheri Kasprzak
New York, Aug. 25 - Pennsylvania priced $689.625 million in series 2009 second refunding general obligation bonds on Tuesday, according to a pricing sheet.
The bonds were sold competitively with Merrill Lynch & Co. Inc. winning the bid.
The bonds are due 2010 to 2021 with coupons from 3% to 5%. Yields ranged from 0.6% to 3.21%.
Proceeds will be used to refund 14 of the commonwealth's bond issues.
| Issuer: | Pennsylvania
|
| Issue: | Series 2009 second refunding general obligation bonds
|
| Amount: | $689.625 million
|
| Type: | Competitive
|
| Underwriter: | Merrill Lynch & Co. Inc.
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
|
|
| Maturity | Type | Coupon | Yields | Price
|
| 2010 | Serial | 3% | 0.60% | 101.992
|
| 2011 | Serial | 3% | 0.90% | 103.809
|
| 2012 | Serial | 4% | 1.31% | 107.457
|
| 2013 | Serial | 5% | 1.64% | 112.432
|
| 2014 | Serial | 5% | NRO | NRO
|
| 2015 | Serial | 5% | 2.28% | 114.775
|
| 2016 | Serial | 5% | 2.54% | 115.340
|
| 2017 | Serial | 5% | 2.79% | 115.450
|
| 2018 | Serial | 5% | 3% | 115.415
|
| 2019 | Serial | 5% | 3.21% | 114.988
|
| 2020 | Serial | 5% | NRO | NRO
|
| 2021 | Serial | 5% | NRO | NRO
|
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