By Sheri Kasprzak
New York, July 24 - The Commonwealth of Pennsylvania priced $361.3 million of series 2012 first refunding general obligation bonds, according to a pricing sheet.
The bonds (Aa2) were sold competitively.
The bonds are due 2013 to 2023 with 3% to 5% coupons.
Proceeds will be used to refund all or a portion of certain maturities of seven outstanding issues that include second series 2003, first series 2004, second series 2004, fourth series 2004, first series 2005, first series 2007A and first series 2007B general obligation bonds.
| Issuer: | Commonwealth of Pennsylvania
|
| Issue: | Series 2012 first refunding general obligation bonds
|
| Amount: | $361.3 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Pricing date: | July 24
|
| Settlement date: | Aug. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.5 million | 2013 | Serial | 3% | 101.107
|
| $6.5 million | 2013 | Serial | 3% | 102.509
|
| $7,005,000 | 2014 | Serial | 5% | 108.672
|
| $13.8 million | 2015 | Serial | 5% | 112.852
|
| $19.6 million | 2016 | Serial | 5% | 116.911
|
| $20.55 million | 2017 | Serial | 5% | 120.279
|
| $21.65 million | 2018 | Serial | 5% | 122.775
|
| $39.1 million | 2019 | Serial | 5% | 124.846
|
| $42.46 million | 2020 | Serial | 5% | 126.303
|
| $49.8 million | 2021 | Serial | 5% | 127.321
|
| $65,465,000 | 2022 | Serial | 5% | 128.882
|
| $68.87 million | 2023 | Serial | 4% | 120.249
|
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