By Sheri Kasprzak
New York, July 13 - The West Virginia Economic Development Authority priced Wednesday $108.47 million of series 2011A correctional, juvenile and public safety facilities lease revenue refunding bonds, said a pricing sheet.
The bonds (Aa2) were sold on a negotiated basis with Bank of America Merrill Lynch as the lead manager and Crews & Associates Inc. and Raymond James & Associates Inc. as the co-managers.
The bonds are due 2012 to 2024 with 2% to 5% coupons.
Proceeds will be used to refund the authority's series 2002A-B lease revenue bonds
| Issuer: | West Virginia Economic Development Authority
|
| Issue: | Series 2011A correctional, juvenile and public safety facilities lease revenue refunding bonds
|
| Amount: | $108.47 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Crews & Associates Inc. and Raymond James & Associates Inc. (co-managers)
|
| Rating: | Moody's: Aa2
|
| Pricing date: | July 13
|
| Settlement date: | July 20
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 2%
|
| 2013 | Serial | 3%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 2%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 2.75%
|
| 2017 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 3.5%
|
| 2019 | Serial | 4%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 3.5%
|
| 2021 | Serial | 4%
|
| 2022 | Serial | 3.5%
|
| 2022 | Serial | 3.75%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 3.75%
|
| 2023 | Serial | 4%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 4%
|
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