By Sheri Kasprzak
New York, Feb. 10 - The State of Georgia priced $613.85 million in series 2009 general obligation bonds, said an official statement released Tuesday.
The sale included $61.795 million in series 2009A G.O.s and $552.055 million in series 2009B G.O.s.
The 2009A bonds are due from 2010 to 2014 with coupons from 2% to 3% and yields from 0.5% to 1.84%. The 2009B bonds are due 2010 to 2029 with coupons from 2% to 5% and yields from 0.5% to 4.64%.
The bonds (Aaa/AAA/AAA) were sold on a negotiated basis with Merrill Lynch & Co. The co-managers were Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Banc of America Securities LLC; Barclays Capital Inc.; Jackson Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Raymond James & Associates Inc.; SunTrust Robinson Humphrey; and Wachovia Bank.
Proceeds will be used to improve and develop lands, highways, public buildings and other state facilities.
| Issuer: | State of Georgia
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $613.85 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. (lead); Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; Banc of America Securities LLC; Barclays Capital Inc.; Jackson Securities Inc.; Morgan Keegan & Co. Inc.; Morgan Stanley & Co. Inc.; Raymond James & Associates Inc.; SunTrust Robinson Humphrey; and Wachovia Bank (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 12
|
|
|
| Series 2009A
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 2% | 0.50%
|
| 2011 | Serial | 2.5% | 1.18%
|
| 2012 | Serial | 3% | 1.35%
|
| 2013 | Serial | 3% | 1.57%
|
| 2014 | Serial | 3% | 1.84%
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 2% | 0.50%
|
| 2011 | Serial | 3% | 1.18%
|
| 2012 | Serial | 2% | 1.35%
|
| 2013 | Serial | 3.5% | 1.57%
|
| 2014 | Serial | 4% | 1.84%
|
| 2015 | Serial | 4% | 2.03%
|
| 2016 | Serial | 3% | 2.25%
|
| 2016 | Serial | 4% | 2.25%
|
| 2017 | Serial | 3.25% | 2.49%
|
| 2017 | Serial | 4% | 2.49%
|
| 2018 | Serial | 5% | 2.73%
|
| 2019 | Serial | 4% | 2.99%
|
| 2020 | Serial | 5% | 3.20%
|
| 2021 | Serial | 4% | 3.52%
|
| 2022 | Serial | 5% | 3.70%
|
| 2023 | Serial | 4% | 3.92%
|
| 2024 | Serial | 5% | 4.10%
|
| 2025 | Serial | 4% | 4.26%
|
| 2026 | Serial | 5% | 4.32%
|
| 2027 | Serial | 5% | 4.43%
|
| 2028 | Serial | 4.5% | 4.58%
|
| 2029 | Serial | 4.5% | 4.64%
|
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