Published on 11/23/2009 in the Prospect News Municipals Daily.
New Issue: Georgia prices $846.22 million in G.O. bonds, BABs via Goldman Sachs
By Sheri Kasprzak
New York, Nov. 23 - The state of Georgia priced $846.22 million in series 2009 general obligation bonds on Monday, according to a pricing sheet.
The sale included $90.48 million in series 2009F G.O. bonds, $179.925 million in series 2009G G.O. bonds, $475.815 million in series 2009H Build America Bonds and $100 million in series 2009I G.O. refunding bonds.
Goldman, Sachs & Co. was the senior manager. The co-managers were Citigroup Global Markets Inc., Merrill Lynch & Co., Morgan Keegan & Co. Inc., Barclays Capital Inc., Jackson Securities Inc., Jefferies & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Sterne, Agee & Leach Inc. and Wells Fargo Securities Inc.
The 2009F bonds are due 2010 to 2014 with coupons from 2% to 5% and the 2009G bonds are due 2010 to 2016 with coupons from 2% to 5%. The 2009H bonds are due 2017 with serial bonds from 2025 to 2029 with coupons from 4% to 5.114%, all priced at par. The 2009I bonds are due 2016 to 2022 with 4% to 5% coupons.
Proceeds will be used to fund improvements to water and sewage facilities, as well as to school facilities.
| Issuer: | Georgia
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $846.22 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. (lead), Citigroup Global Markets Inc., Merrill Lynch & Co., Morgan Keegan & Co. Inc., Barclays Capital Inc., Jackson Securities Inc., Jefferies & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., Sterne, Agee & Leach Inc. and Wells Fargo Securities Inc. (co-managers)
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 22
|
|
|
| Series 2009F
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 101.540
|
| 2011 | Serial | 5% | 108.112
|
| 2012 | Serial | 5% | 111.175
|
| 2013 | Serial | 5% | 113.287
|
| 2014 | Serial | 5% | 114.539
|
|
|
| Series 2009G
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 101.540
|
| 2011 | Serial | 2% | 102.359
|
| 2011 | Serial | 3% | 104.277
|
| 2011 | Serial | 4% | 106.194
|
| 2012 | Serial | 2% | 102.534
|
| 2012 | Serial | 3% | 105.414
|
| 2012 | Serial | 4% | 108.295
|
| 2013 | Serial | 2.5% | 103.768
|
| 2013 | Serial | 3% | 105.672
|
| 2013 | Serial | 5% | 113.287
|
| 2014 | Serial | 3% | 105.158
|
| 2014 | Serial | 4% | 109.848
|
| 2014 | Serial | 5% | 114.539
|
| 2015 | Serial | 3% | 104.031
|
| 2015 | Serial | 5% | 115.079
|
| 2016 | Serial | 4% | 109.363
|
| 2016 | Serial | 5% | 115.690
|
|
|
| Series 2009H
|
| Maturity | Type | Coupon | Price
|
| 2017 | Term | 4% | 100
|
| 2025 | Serial | 4.503% | 100
|
| 2026 | Serial | 4.964% | 100
|
| 2027 | Serial | 5.014% | 100
|
| 2028 | Serial | 5.064% | 100
|
| 2029 | Serial | 5.114% | 100
|
|
|
| Series 2009I
|
| Maturity | Type | Coupon | Price
|
| 2016 | Serial | 5% | 117.463
|
| 2017 | Serial | 5% | 118.103
|
| 2018 | Serial | 5% | 118.244
|
| 2019 | Serial | 4% | 109.533
|
| 2019 | Serial | 5% | 118.281
|
| 2020 | Serial | 4% | 108.967
|
| 2020 | Serial | 5% | 118.332
|
| 2021 | Serial | 5% | 118.187
|
| 2022 | Serial | 5% | NRO
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
