By Sheri Kasprzak
New York, Feb. 3 - Wisconsin priced $131.175 million in series 2010 clean water revenue and refunding revenue bonds on Wednesday, according to a term sheet.
The sale included $67.415 million in series 2010-1 bonds, $14.07 million in series 2010-2 bonds and $49.69 million in series 2010-3 Build America Bonds.
The 2010-1 bonds are due 2012 to 2016 and 2026 to 2031 with coupons from 3% to 5%. The 2010-2 bonds are due 2019 to 2021 with 5% coupons across the board. The 2010-3 bonds are due 2017 to 2025 with 3.957% to 5.441% coupons, all priced at par.
Morgan Stanley & Co. Inc. was the lead manager.
Proceeds will be used to fund clean water initiatives and to refund debt.
| Issuer: | Wisconsin
|
| Issue: | Series 2010 clean water revenue and refunding revenue bonds
|
| Amount: | $131.175 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc. (lead)
|
| Pricing date: | Feb. 3
|
|
|
| Series 2010-1
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 105.046
|
| 2013 | Serial | 3% | 106.244
|
| 2014 | Serial | 5% | 114.634
|
| 2015 | Serial | 5% | 115.463
|
| 2016 | Serial | 4% | 109.62
|
| 2026 | Serial | 5% | 114.061
|
| 2027 | Serial | 5% | 113.586
|
| 2028 | Serial | 5% | 113.006
|
| 2029 | Serial | 5% | 112.473
|
| 2030 | Serial | 5% | 112.006
|
| 2031 | Serial | 5% | 111.321
|
|
|
| Series 2010-2
|
| Maturity | Type | Coupon | Price
|
| 2019 | Serial | 5% | 114.676
|
| 2020 | Serial | 5% | 115.167
|
| 2021 | Serial | 5% | 114.229
|
|
|
| Series 2010-3
|
| Maturity | Type | Coupon | Price
|
| 2017 | Serial | 3.957% | 100
|
| 2018 | Serial | 4.291% | 100
|
| 2019 | Serial | 4.391% | 100
|
| 2020 | Serial | 4.491% | 100
|
| 2021 | Serial | 4.691% | 100
|
| 2022 | Serial | 4.891% | 100
|
| 2023 | Serial | 5.091% | 100
|
| 2024 | Serial | 5.291% | 100
|
| 2025 | Serial | 5.441% | 100
|
© 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.
