New Issue: Wisconsin hits market with $370.85 million of general obligation bonds

By Sheri Kasprzak

New York, July 29 – The State of Wisconsin sold $370.85 million of series 2016-2 general obligation refunding bonds, according to a pricing sheet.

The bonds (Aa2/AA/AA) were sold through RBC Capital Markets LLC.

The bonds are due 2021 to 2030 with 1.5% to 5% coupons and 0.97% to 2.07% yields.

Proceeds will be used to refund existing G.O. debt.

Issuer:	State of Wisconsin
Issue:	Series 2016-2 general obligation refunding bonds
Amount:	$370.85 million
Type:	Negotiated
Underwriter:	RBC Capital Markets LLC
Ratings:	Moody’s: Aa2
	S&P: AA
	Fitch: AA
Pricing date:	July 28
Settlement date:	Aug. 25
Amount	Maturity	Type	Coupon	Price	Yield
$20.12 million	2021	Serial	5%	120.322	0.97%
$4.9 million	2022	Serial	1.5%	102.082	1.15%
$10 million	2022	Serial	4%	116.962	1.15%
$60,425,000	2022	Serial	5%	122.913	1.15%
$15.86 million	2023	Serial	5%	125.45	1.28%
$16,815,000	2024	Serial	5%	127.652	1.41%
$7,645,000	2025	Serial	3%	112.822	1.50%
$8.25 million	2025	Serial	4%	121.37	1.50%
$45,065,000	2025	Serial	5%	129.919	1.50%
$16,535,000	2026	Serial	5%	130.28	1.61%
$10 million	2027	Serial	4%	119.762	1.77%
$11,865,000	2027	Serial	5%	129.139	1.72%
$41,095,000	2028	Serial	5%	128.112	1.82%
$43.2 million	2029	Serial	5%	12.399	1.89%
$20 million	2030	Serial	4%	116.853	2.07%
$39,075,000	2030	Serial	5%	127.196	1.91%

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