New Issue: Whiting, Ind., offers up $144.45 million of BP Products revenue bonds

By Sheri Kasprzak

New York, Nov. 3 – The City of Whiting, Ind., sold $144.45 million of series 2015 environmental facilities revenue bonds for BP Products North America Inc., according to a pricing sheet.

The bonds were sold through senior managers Morgan Stanley & Co. LLC and BofA Merrill Lynch.

The bonds are due Nov. 1, 2045 and have a 5% coupon priced at 116.281 to yield 2.45%.

Proceeds will be used to finance a sewage control project at the corporation’s Whiting plant.

Issuer:	City of Whiting, Ind./BP Products North America Inc.
Issue:	Series 2015 environmental facilities revenue bonds
Amount:	$144.45 million
Maturity:	Nov. 1, 2045
Coupon:	5%
Price:	116.281
Yield:	2.45%
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC and BofA Merrill Lynch
Pricing date:	Nov. 3
Settlement date:	Nov. 6

© 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.