Published on 12/12/2012 in the Prospect News Municipals Daily.
New Issue: Georgia sells competitively $584.66 million of general obligation bonds
By Sheri Kasprzak
New York, Dec. 12 - The State of Georgia priced $584,655,000 of series 2013 general obligation bonds, according to a pricing sheet.
The bonds (//AAA) were sold competitively.
The offering included $234,915,000 of series 2013A bonds, $57.05 million of series 2013B taxable refunding bonds and $292.62 million of series 2013C G.O. refunding bonds.
The 2013A bonds are due 2014 to 2033 with 3% to 5% coupons. The 2013B bonds are due 2015 to 2018 with 3% to 4% coupons and the 2013C bonds are due 2019 to 2024 with 4% to 5% coupons.
Proceeds will be used to construct, acquire, equip and renovate state land, properties, buildings and other infrastructure, as well as to refund existing G.O. debt.
| Issuer: | State of Georgia
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $584,655,000
|
| Type: | Competitive
|
| Rating: | Fitch: AAA
|
| Pricing date: | Dec. 12
|
| Settlement date: | Jan. 8
|
|
|
| $234,915,000 series 2013A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $11,005,000 | 2014 | Serial | 3% | 102.751
|
| $11.24 million | 2015 | Serial | 5% | 109.127
|
| $11,805,000 | 2016 | Serial | 5% | 113.328
|
| $12.39 million | 2017 | Serial | 5% | 117.281
|
| $13,015,000 | 2018 | Serial | 5% | 120.738
|
| $8.13 million | 2019 | Serial | 5% | 123.688
|
| $8.54 million | 2020 | Serial | 5% | 126.212
|
| $8,965,000 | 2021 | Serial | 5% | 128.135
|
| $9,415,000 | 2022 | Serial | 5% | 129.206
|
| $9,885,000 | 2023 | Serial | 5% | 130.71
|
| $10.38 million | 2024 | Serial | 5% | 129.749
|
| $10,895,000 | 2025 | Serial | 5% | 129.219
|
| $11.44 million | 2026 | Serial | 5% | 128.691
|
| $12,015,000 | 2027 | Serial | 4% | 116.537
|
| $12,615,000 | 2028 | Serial | 4% | 115.953
|
| $13,245,000 | 2029 | Serial | 3% | 101.993
|
| $13,905,000 | 2030 | Serial | 3% | 101.468
|
| $14.6 million | 2031 | Serial | 3% | 100.947
|
| $15.33 million | 2032 | Serial | 3% | 100.429
|
| $16.1 million | 2033 | Serial | 3% | 99.85
|
|
|
| $57.05 million series 2013B taxable refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $13.62 million | 2015 | Serial | 4% | 108.695
|
| $14.17 million | 2016 | Serial | 4% | 111.62
|
| $14.75 million | 2017 | Serial | 4% | 113.677
|
| $14.51 million | 2018 | Serial | 3% | 110.471
|
|
|
| $292.69 million series 2013C G.O. refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $26.99 million | 2019 | Serial | 5% | 126.194
|
| $28,735,000 | 2020 | Serial | 5% | 128.313
|
| $63,465,000 | 2021 | Serial | 5% | 129.867
|
| $67,305,000 | 2022 | Serial | 4% | 120.843
|
| $70,525,000 | 2023 | Serial | 4% | 119.751
|
| $35.67 million | 2024 | Serial | 4% | 119.063
|
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