Published on 10/17/2012 in the Prospect News Municipals Daily.
New Issue: Wisconsin brings $293.07 million of G.O.s
By Sheri Kasprzak
New York, Oct. 17 - The State of Wisconsin priced $293.07 million of series 2012B general obligation bonds Wednesday, said a pricing sheet.
The bonds (Aa2/AA/) were sold competitively with Wells Fargo Bank, NA winning the bid, said David Erdman, debt manager with the state's Capital Finance Office. The true interest cost came in at 2.900411%.
The bonds are due 2022 to 2033 with 2.55% to 5% coupons.
Proceeds will be used to fund general government expenses.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2012B general obligation bonds
|
| Amount: | $293.07 million
|
| Type: | Competitive
|
| Underwriter: | Wells Fargo Bank, NA (winner)
|
| TIC: | 2.900411%
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Oct. 17
|
| Settlement date: | Nov. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $22,425,000 | 2022 | Serial | 5% | 124.67
|
| $23.68 million | 2023 | Serial | 5% | 123.783
|
| $17,445,000 | 2024 | Serial | 2.55% | NRO
|
| $18.32 million | 2025 | Serial | 2.7% | NRO
|
| $18,965,000 | 2026 | Serial | 3% | 101.731
|
| $19,985,000 | 2027 | Serial | 3% | 101.276
|
| $21.06 million | 2028 | Serial | 3% | 100.823
|
| $22,195,000 | 2029 | Serial | 3% | 100.373
|
| $23.38 million | 2030 | Serial | 3% | NRO
|
| $24,545,000 | 2031 | Serial | 3% | NRO
|
| $25,775,000 | 2032 | Serial | 3.1% | NRO
|
| $55,295,000 | 2033 | Serial | 3% | 98.5
|
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