By Sheri Kasprzak
New York, May 4 - The State of Delaware sold $124.025 million in series 2010A general obligation bonds, according to a term sheet.
The bonds (Aaa/AAA/AAA) were sold through Morgan Stanley & Co. Inc. The co-managers were J.P. Morgan Securities Inc. and Stone & Youngberg.
The bonds are due 2011 to 2020 with 1.5% to 5% coupons. The full pricing details were not immediately available.
Proceeds will be used to redeem outstanding G.O. bonds.
| Issuer: | State of Delaware
|
| Issue: | Series 2010A general obligation bonds
|
| Amount: | $124.025 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead), J.P. Morgan Securities Inc. and Stone & Youngberg (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | May 4
|
| Settlement date: | May 12
|
|
|
| Maturity | Type | Coupon
|
| 2011 | Serial | 1.5%
|
| 2011 | Serial | 2%
|
| 2011 | Serial | 5%
|
| 2012 | Serial | 2%
|
| 2012 | Serial | 4%
|
| 2013 | Serial | 2%
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 2%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 3%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 3%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 3%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
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