By Sheri Kasprzak
New York, June 15 - The State of Wisconsin sold $800 million in series 2010 operating notes on Tuesday, said David Erdman of the Wisconsin Department of Administration Capital Finance Office.
The notes (MIG1//F1+) were sold competitively.
Goldman Sachs & Co.; Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Wells Fargo Bank, NA; TD Securities; and Piper Jaffray & Co. all took pieces of the notes.
The 2% notes are due June 15, 2011 and have a net interest cost of 0.5076%, Erdman said.
Proceeds from the sale will be used to fund cash flow requirements for the 2010-11 fiscal year.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2010 operating notes
|
| Amount: | $800 million
|
| Maturity: | June 15, 2011
|
| Coupon: | 2%
|
| Net interest cost: | 0.5076%
|
| Type: | Competitive
|
| Underwriters: | Goldman Sachs & Co., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Wells Fargo Bank, NA, TD Securities, Piper Jaffray & Co.
|
| Ratings: | Moody's: MIG1
|
| Fitch: F1+
|
| Pricing date: | June 15
|
| Settlement date: | July 1
|
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