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Published on 10/9/2009 in the Prospect News Municipals Daily.

New Issue: Delaware brings $313.67 million in G.O. bonds via Morgan Stanley

By Sheri Kasprzak

New York, Oct. 9 - The state of Delaware priced $313.665 million in series 2009C general obligation bonds on Thursday, according to a pricing sheet.

The bonds were sold through senior manager Morgan Stanley & Co. Inc.

The bonds are due 2012 to 2027 with coupons from 2 to 5%.

Proceeds will be used to fund general capital expenses.

Issuer:Delaware
Issue:Series 2009C general obligation bonds
Amount:$313.665 million
Type:Negotiated
Underwriter:Morgan Stanley & Co. Inc. (lead)
Pricing date:Oct. 8
Settlement date:Oct. 22
MaturityTypeCouponPrice
2011Serial3%104.229
2012Serial2%102.891
2012Serial5%111.566
2013Serial2%102.215
2013Serial5%113.675
2014Serial2%101.178
2014Serial5%115.320
2015Serial2.5%102.504
2015Serial5%116.422
2016Serial2.5%101.275
2016Serial5%117.230
2017Serial4%110.590
2017Serial5%117.747
2018Serial2.5%98.498
2018Serial5%118.248
2019Serial4%110.258
2019Serial5%118.879
2020Serial4%109.953
2020Serial5%119.256
2021Serial5%119.503
2022Serial3%98.729
2022Serial5%119.890
2023Serial5%120.24
2024Serial4%108.696
2024Serial5%120.449
2025Serial5%120.387
2026Serial5%120.187
2027Serial5%120.007

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