By Sheri Kasprzak
New York, Nov. 16 - The South Carolina Transportation Infrastructure Bond Bank sold $191.85 million of series 2010A revenue bonds Tuesday, according to a pricing sheet.
The bonds were sold competitively. Calls to the issuer for the winning bidder were not returned Tuesday.
The bonds are due 2034 to 2036 with a term bond due 2040. The serial bonds all have 5.25% coupons. The 2040 bonds have a 5.375% coupon priced at 98.892.
Proceeds will be used to construct and repair transportation projects within the state.
| Issuer: | South Carolina Transportation Infrastructure Bond Bank
|
| Issue: | Series 2010A revenue bonds
|
| Amount: | $191.85 million
|
| Type: | Competitive
|
| Pricing date: | Nov. 16
|
| Settlement date: | Dec. 1
|
|
|
| Maturity | Type | Coupon | Price
|
| 2034 | Term | 5.25% | 97.994
|
| 2035 | Term | 5.25% | 97.554
|
| 2036 | Term | 5.25% | 97.102
|
| 2040 | Term | 5.375% | 98.892
|
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