By Sheri Kasprzak
New York, Oct. 20 - The State of Delaware sold $123.47 million of its planned $298.825 million in series 2010 general obligation bonds through J.P. Morgan Securities LLC and Citigroup Global Markets Inc. on Wednesday, according to a partial pricing sheet.
The bonds (Aaa//AAA) are due 2012 to 2024 with 2% to 5% coupons. The full pricing data was not immediately available.
The state intends to sell $115.775 million in series 2010C Build America Bonds and $59.58 million in series 2010D qualified school construction bonds competitively on Thursday.
The co-managers for Wednesday's sale were Bank of America Merrill Lynch, Edward D. Jones & Co. LP, Morgan Stanley & Co. Inc., Fidelity Capital Markets and Jefferies & Co.
The proceeds will be used to fund capital projects, including school construction.
| Issuer: | State of Delaware
|
| Issue: | Series 2010B general obligation bonds
|
| Amount: | $123.47 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead), Bank of America Merrill Lynch, Edward D. Jones & Co. LP, Morgan Stanley & Co. Inc., Fidelity Capital Markets and Jefferies & Co. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 28
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 2%
|
| 2012 | Serial | 5%
|
| 2013 | Serial | 2%
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 3%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 3%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 2%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 3%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 4%
|
| 2021 | Serial | 4%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 4%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 3%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 3%
|
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