By Cristal Cody
Springdale, Ark., Aug. 19 - Wisconsin priced $302.2 million general obligation bonds with a 4.302845% true interest cost on Tuesday, a source told Prospect News.
The series 2008C bonds (Aa3/AA/AA-) priced with 4% to 5% coupons to yield 2.15% to 4.75%.
The bonds have serial maturities from 2010 through 2029.
Merrill Lynch & Co. was the winning bidder in the competitive sale.
Proceeds will be used for general state purposes.
| Issuer: | Wisconsin
|
| Issue: | General obligation bonds
|
| Amount: | $302.2 million
|
| Type: | Competitive
|
| True interest cost: | 4.302845%
|
| Coupons: | 4%-5%
|
| Yields: | 2.15%-4.75%
|
| Maturities: | 2010-2029
|
| Underwriter: | Merrill Lynch & Co.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
| Pricing date: | Aug. 19
|
| Settlement date: | Sept. 4
|
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