By Sheri Kasprzak
New York, April 20 - The State of Texas priced $185.44 million in series 2010 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AAA) were sold through Barclays Capital Inc. The co-managers were Frost Bank, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Raymond James & Associates Inc. and Sterne, Agee & Leach Inc.
The offering included $143.745 million in series 2010B bonds and $41.695 million in series 2010C bonds.
The 2010B bonds are due 2011 to 2030 with 4% to 5% coupons. The 2010C bonds are due 2010 to 2030 with coupons from 2% to 5%.
Proceeds will be used to fund water development projects, as well as to refund existing debt.
| Issuer: | State of Texas
|
| Issue: | Series 2010 general obligation bonds
|
| Amount: | $185.44 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead), Frost Bank, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Raymond James & Associates Inc. and Sterne, Agee & Leach Inc. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AAA
|
| Pricing date: | April 20
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 5% | 105.513
|
| 2012 | Serial | 5% | 108.976
|
| 2013 | Serial | 5% | 111.805
|
| 2014 | Serial | 5% | 113.693
|
| 2015 | Serial | 5% | 114.803
|
| 2016 | Serial | 4% | 109.133
|
| 2016 | Serial | 5% | 114.878
|
| 2017 | Serial | 5% | 114.925
|
| 2018 | Serial | 5% | 115.102
|
| 2019 | Serial | 4% | 107.084
|
| 2019 | Serial | 5% | 115.047
|
| 2020 | Serial | 4.5% | 109.803
|
| 2020 | Serial | 5% | 113.758
|
| 2021 | Serial | 5% | 112.739
|
| 2022 | Serial | 5% | 112.065
|
| 2023 | Serial | 5% | 111.23
|
| 2024 | Serial | 5% | 110.567
|
| 2025 | Serial | 5% | 109.909
|
| 2026 | Serial | 5% | 109.909
|
| 2027 | Serial | 5% | 108.607
|
| 2028 | Serial | 5% | 107.963
|
| 2029 | Serial | 5% | 107.563
|
| 2030 | Serial | 4.125% | 99.654
|
| 2030 | Serial | 5% | 107.085
|
|
|
| Series 2010C
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.37
|
| 2011 | Serial | 3% | 103.079
|
| 2011 | Serial | 5% | 105.513
|
| 2012 | Serial | 3% | 104.586
|
| 2012 | Serial | 5% | 108.976
|
| 2013 | Serial | 3% | 105.508
|
| 2014 | Serial | 3% | 105.566
|
| 2015 | Serial | 4% | 109.868
|
| 2016 | Serial | 4% | 109.133
|
| 2017 | Serial | 4% | 108.406
|
| 2018 | Serial | 4% | 107.84
|
| 2019 | Serial | 4% | 107.084
|
| 2020 | Serial | 4% | 105.849
|
| 2020 | Serial | 4.5% | 109.803
|
| 2021 | Serial | 4% | 104.711
|
| 2021 | Serial | 5% | 112.739
|
| 2022 | Serial | 4% | 103.827
|
| 2022 | Serial | 5% | 112.065
|
| 2023 | Serial | 5% | 111.23
|
| 2024 | Serial | 5% | 110.567
|
| 2025 | Serial | 5% | 109.909
|
| 2026 | Serial | 5% | 109.256
|
| 2027 | Serial | 5% | 108.607
|
| 2028 | Serial | 5% | 107.963
|
| 2029 | Serial | 5% | 107.563
|
| 2030 | Serial | 5% | 107.085
|
© 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.
