By Sheri Kasprzak
New York, Oct. 21 - The State of Delaware priced another $175.355 million in series 2010 general obligation bonds, according to a pricing sheet. The sale brings to $298.825 million the total of G.O. bonds sold by the state in a three-tranche offering.
On Thursday, the state priced $115.775 million in series 2010C Build America Bonds and $59.58 million in series 2010D qualified school construction bonds. These bonds are in addition to the $123.47 million in series 2010B bonds the state priced on Wednesday.
J.P. Morgan Securities LLC and Citigroup Global Markets Inc. were the underwriters for the bonds (Aaa//AAA).
The 2010C bonds are due 2019 to 2030 with 3.1% to 4.6% coupons. The 2010D bonds are due 2029 and have a 4.55% coupon priced at par.
Proceeds will be used to fund capital projects, including school construction.
| Issuer: | State of Delaware
|
| Issue: | Series 2010 general obligation bonds
|
| Amount: | $175.355 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead)
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Oct. 21
|
| Settlement date: | Oct. 28
|
|
|
| $115.775 million series 2010C
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.525 million | 2019 | Serial | 3.1% | 100
|
| $10.525 million | 2020 | Serial | 3.25% | 100
|
| $10.525 million | 2021 | Serial | 3.4% | 100
|
| $10.525 million | 2022 | Serial | 3.5% | 99.901
|
| $10.525 million | 2023 | Serial | 3.55% | 99.895
|
| $10.525 million | 2024 | Serial | 3.65% | 99.889
|
| $10.525 million | 2025 | Serial | 3.9% | 99.884
|
| $10.525 million | 2026 | Serial | 4.1% | 99.88
|
| $10.525 million | 2027 | Serial | 4.3% | 100
|
| $10.525 million | 2028 | Serial | 4.45% | 100
|
| $10.525 million | 2030 | Serial | 4.6% | 100
|
|
|
| $59.58 million series 2010D
|
| Amount | Maturity | Type | Coupon | Price
|
| $59.58 million | 2029 | Term | 4.55% | 100
|
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