Published on 5/31/2012 in the Prospect News Municipals Daily.
New Issue: Wisconsin brings $117.42 million of transportation revenue bonds
By Sheri Kasprzak
New York, May 31 - The State of Wisconsin priced $117.42 million of series 2012-2 transportation revenue bonds, according to a term sheet.
The bonds (//AA+) were sold through senior manager Bank of America Merrill Lynch.
The bonds are due 2017 to 2024 with 4% to 5% coupons. The 2023 and 2024 bonds were not reoffered.
Proceeds will be used to finance capital improvements to the state's highway.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2012-2 transportation revenue bonds
|
| Amount: | $117.42 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Rating: | Fitch: AA+
|
| Pricing date: | May 30
|
| Settlement date: | June 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $11,495,000 | 2017 | Serial | 4% | 114.356
|
| $11,745,000 | 2018 | Serial | 4% | 115.181
|
| $3,195,000 | 2019 | Serial | 4% | 115.923
|
| $9,015,000 | 2019 | Serial | 5% | 122.53
|
| $12,795,000 | 2020 | Serial | 5% | 123.513
|
| $13.52 million | 2021 | Serial | 5% | 124.152
|
| $27,415,000 | 2022 | Serial | 5% | 125.029
|
| $13,775,000 | 2023 | Serial | 5% | NRO
|
| $14,465,000 | 2024 | Serial | 5% | NRO
|
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