By Sheri Kasprzak
New York, Aug. 18 - The State of Wisconsin priced $456.42 million of series 2010 general obligation bonds (Aa2//AA), said a term sheet.
The offering includes $146.68 million of series 2010C tax-exempt bonds and $309.74 million of series 2010D G.O. Build America Bonds.
The 2010C bonds are due 2012 to 2019 with coupons from 4% to 5%. The 2010D bonds are due 2020 to 2026 with term bonds due 2032 and 2041. Coupons range from 3.45% to 4.6%, all priced at par. The 2032 bonds have a 5% coupon priced at 99.861. The 2041 bonds have a 5.1% coupon priced at 99.838.
J.P. Morgan Securities Inc. won the 2010A bonds with a 1.72% true interest cost. Barclays Capital Inc. took the 2010B bonds with a 4.64% TIC.
Proceeds will be used to finance capital projects.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2010 general obligation bonds
|
| Amount: | $456.42 million
|
| Type: | Competitive
|
| Underwriters: | J.P. Morgan Securities Inc. (winner for 2010A); Barclays Capital Inc. (winner for 2010B)
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA
|
| Pricing date: | Aug. 18
|
| Settlement date: | Sept. 2
|
|
|
| Series 2010C
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 5% | 107.568
|
| 2013 | Serial | 5% | 111.44
|
| 2014 | Serial | 5% | 114.938
|
| 2015 | Serial | 5% | 116.738
|
| 2016 | Serial | 5% | 118.457
|
| 2017 | Serial | 5% | 119.661
|
| 2018 | Serial | 5% | 120.82
|
| 2019 | Serial | 4% | 113.703
|
|
|
| Series 2010D
|
| Maturity | Type | Coupon | Price
|
| 2020 | Serial | 3.45 | 100
|
| 2021 | Serial | 3.6% | 100
|
| 2022 | Serial | 3.8% | 100
|
| 2023 | Serial | 4% | 100
|
| 2024 | Serial | 4.2% | 100
|
| 2025 | Serial | 4.4% | 100
|
| 2026 | Serial | 4.6% | 100
|
| 2032 | Term | 5% | 99.861
|
| 2041 | Term | 5.1% | 99.838
|
© 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.
