Published on 3/21/2012 in the Prospect News Municipals Daily.
New Issue: Wisconsin sells $343.73 million of 2012-1 transportation revenue bonds
By Sheri Kasprzak
New York, March 21 - The State of Wisconsin priced $343,725,000 of series 2012-1 transportation revenue bonds, according to a pricing sheet.
The bonds (Aa2//AA+) were sold through Morgan Stanley & Co. LLC.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to current and advance refund existing transportation revenue bonds for interest rate savings and to finance state transportation facilities and major highway projects.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2012-1 transportation revenue bonds
|
| Amount: | $343,725,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA+
|
| Pricing date: | March 21
|
| Settlement date: | April 25
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $29,745,000 | 2013 | Serial | 2% | 101.958
|
| $10 million | 2014 | Serial | 4% | 107.499
|
| $19,035,000 | 2014 | Serial | 5% | 109.666
|
| $3.1 million | 2015 | Serial | 4% | 110.037
|
| $9.61 million | 2015 | Serial | 5% | 113.174
|
| $6,205,000 | 2016 | Serial | 5% | 115.945
|
| $6.51 million | 2017 | Serial | 5% | 118.266
|
| $6.84 million | 2018 | Serial | 5% | 118.836
|
| $7.18 million | 2019 | Serial | 5% | 119.682
|
| $2.5 million | 2020 | Serial | 3.5% | 108.824
|
| $5.03 million | 2020 | Serial | 5% | 119.949
|
| $39,575,000 | 2021 | Serial | 5% | 119.671
|
| $41.59 million | 2022 | Serial | 5% | 120.058
|
| $39,045,000 | 2023 | Serial | 5% | 118.397
|
| $26,455,000 | 2024 | Serial | 5% | 117.529
|
| $9.56 million | 2025 | Serial | 5% | 116.669
|
| $10.04 million | 2026 | Serial | 5% | 115.816
|
| $10.54 million | 2027 | Serial | 5% | 115.064
|
| $11.07 million | 2028 | Serial | 5% | 114.411
|
| $11.62 million | 2029 | Serial | 5% | 113.854
|
| $12,205,000 | 2030 | Serial | 5% | 113.393
|
| $12,815,000 | 2031 | Serial | 5% | 113.209
|
| $13,455,000 | 2032 | Serial | 5% | 112.843
|
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