Published on 4/16/2015 in the Prospect News Municipals Daily.
New Issue: West Virginia prices $133.71 million of general obligation road bonds
By Sheri Kasprzak
New York, April 16 – The State of West Virginia priced $133.71 million of series 2015A general obligation state road refunding bonds, according to a pricing sheet.
The bonds (Aa1//AA+) were sold competitively.
The bonds are due 2016 to 2025 with 5% coupons and 0.3% to 2.05% yields.
Proceeds will be used to refund the state’s series 2005 state road refunding bonds.
| Issuer: | State of West Virginia
|
| Issue: | Series 2015A general obligation state road refunding bonds
|
| Amount: | $133.71 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Fitch: AA+
|
| Pricing date: | April 16
|
| Settlement date: | April 28
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.46 million | 2016 | Serial | 5% | 105.118 | 0.30%
|
| $15,225,000 | 2017 | Serial | 5% | 109.087 | 0.62%
|
| $15,985,000 | 2018 | Serial | 5% | 112.472 | 0.90%
|
| $10.3 million | 2019 | Serial | 5% | 115.387 | 1.14%
|
| $10,815,000 | 2020 | Serial | 5% | 118.062 | 1.32%
|
| $11,355,000 | 2021 | Serial | 5% | 120.366 | 1.49%
|
| $11.92 million | 2022 | Serial | 5% | 122.032 | 1.69%
|
| $12.52 million | 2023 | Serial | 5% | 123.824 | 1.82%
|
| $21.04 million | 2024 | Serial | 5% | 125.296 | 1.95%
|
| $22.09 million | 2025 | Serial | 5% | 126.767 | 2.05%
|
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