Published on 2/6/2013 in the Prospect News Municipals Daily.
New Issue: Wisconsin brings $259.68 million of transportation revenue bonds
By Sheri Kasprzak
New York, Feb. 6 - The State of Wisconsin came to market with $259.68 million of series 2013-1 transportation revenue bonds, according to a pricing sheet.
The bonds (Aa2/AA+/AA+) were sold through Goldman, Sachs & Co. and Ramirez & Co. Inc. as the senior managers.
The bonds are due 2016 and 2018 to 2033 with 4% to 5% coupons.
Proceeds will be used to finance state transportation and highway projects.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2013-1 transportation revenue bonds
|
| Amount: | $259.68 million
|
| Type: | Negotiated
|
| Underwriters | Goldman, Sachs & Co. and Ramirez & Co. Inc. (lead), BofA Merrill Lynch, Barclays, Jeffieres & Co., Loop Capital Markets LLC, Mesirow Financial Inc. and RBC Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Feb. 6
|
| Settlement date: | March 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $9,715,000 | 2016 | Serial | 4% | 111.157
|
| $2.5 million | 2018 | Serial | 4% | 115.783
|
| $8,175,000 | 2018 | Serial | 5% | 120.958
|
| $3.5 million | 2019 | Serial | 4% | 116.658
|
| $7.79 million | 2019 | Serial | 5% | 122.716
|
| $6 million | 2020 | Serial | 4% | 117.266
|
| $5.94 million | 2020 | Serial | 5% | 124.173
|
| $3.69 million | 2021 | Serial | 4% | 117.516
|
| $8,895,000 | 2021 | Serial | 5% | 125.233
|
| $7 million | 2023 | Serial | 4% | 117.746
|
| $8,255,000 | 2023 | Serial | 5% | 126.989
|
| $25,935,000 | 2024 | Serial | 5% | 125.51
|
| $42,535,000 | 2025 | Serial | 5% | 124.362
|
| $26,975,000 | 2026 | Serial | 5% | 123.431
|
| $11.44 million | 2027 | Serial | 5% | 122.612
|
| $12.01 million | 2028 | Serial | 5% | 121.9
|
| $12.61 million | 2029 | Serial | 5% | 121.293
|
| $13.24 million | 2030 | Serial | 5% | 120.69
|
| $13,905,000 | 2031 | Serial | 4% | 109.372
|
| $14.46 million | 2032 | Serial | 4.5% | 114.273
|
| $13.11 million | 2033 | Serial | 4% | 108.445
|
| $2 million | 2033 | Serial | 5% | 119.199
|
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