Published on 8/10/2016 in the Prospect News Municipals Daily.
New Issue: Pennsylvania comes to market with $1.21 billion G.O. bonds
By Sheri Kasprzak
New York, Aug. 10 – The Commonwealth of Pennsylvania priced $1,208,725,000 of second series 2016 general obligation bonds, according to a pricing sheet.
The bonds (Aa3/AA-/AA-) were sold competitively.
The bonds are due 2017 to 2036 with 3% to 5% coupons and yields from 0.67% to 3.101%.
Proceeds will be used to finance capital facilities projects.
| Issuer: | Commonwealth of Pennsylvania
|
| Issue: | Second series 2016 general obligation bonds
|
| Amount: | $1,208,725,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $36,065,000 | 2017 | Serial | 5% | 104.617 | 0.67%
|
| $37.91 million | 2018 | Serial | 5% | 108.441 | 0.88%
|
| $39,855,000 | 2019 | Serial | 5% | 112.006 | 1.02%
|
| $41.9 million | 2020 | Serial | 5% | 115.057 | 1.20%
|
| $44.05 million | 2021 | Serial | 5% | 117.673 | 1.38%
|
| $46.31 million | 2022 | Serial | 5% | 119.854 | 1.56%
|
| $48.68 million | 2023 | Serial | 5% | 121.678 | 1.73%
|
| $51.18 million | 2024 | Serial | 5% | 123.349 | 1.87%
|
| $53,805,000 | 2025 | Serial | 5% | 125.152 | 1.96%
|
| $56.56 million | 2026 | Serial | 5% | 126.617 | 2.06%
|
| $59,456,000 | 2027 | Serial | 5% | 125.068 | 2.21%
|
| $62.51 million | 2028 | Serial | 5% | 124.251 | 2.29%
|
| $65.72 million | 2029 | Serial | 5% | 123.541 | 2.36%
|
| $69.09 million | 2030 | Serial | 4% | 111.77 | 2.66%
|
| $72.63 million | 2031 | Serial | 4% | 111.302 | 2.71%
|
| $76,355,000 | 2032 | Serial | 4% | 110.837 | 2.76%
|
| $80.27 million | 2033 | Serial | 3% | 100 | 3.00%
|
| $84.39 million | 2034 | Serial | 4% | 109.913 | 2.86%
|
| $88,715,000 | 2035 | Serial | 3% | 99 | 3.07%
|
| $93,265,000 | 2036 | Serial | 3% | 98.5 | 3.101%
|
© 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.
