By Sheri Kasprzak
New York, Dec. 6 - The Kansas Department of Transportation sold $200 million of series 2012C highway revenue bonds, said a pricing sheet.
The bonds (//AA+) were sold competitively with Bank of America Merrill Lynch winning the bid, said Steve Swartz, spokesman for the department. The true interest cost was 2.15%.
The bonds are due 2015 to 2032 with 4% to 5% coupons.
Proceeds will be used to construct, reconstruct, maintain and repair state highways; preserve and revitalize rail systems in the state; improve public transit facilities for senior citizens, the disabled and the general public; and make improvements to general aviation facilities in the state.
| Issuer: | Kansas Department of Transportation
|
| Issue: | Series 2012C highway revenue bonds
|
| Amount: | $200 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch
|
| TIC: | 2.15%
|
| Rating: | Fitch: AA+
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $7 million | 2015 | Serial | 5% | 112.196
|
| $7.2 million | 2016 | Serial | 5% | 116.275
|
| $7.4 million | 2017 | Serial | 5% | 119.948
|
| $7.6 million | 2018 | Serial | 5% | 123.355
|
| $7.8 million | 2019 | Serial | 5% | 126.227
|
| $50 million | 2020 | Serial | 5% | 128.036
|
| $7.6 million | 2021 | Serial | 5% | 129.959
|
| $7.6 million | 2022 | Serial | 5% | 131.167
|
| $7.8 million | 2023 | Serial | 5% | 130.015
|
| $10 million | 2024 | Serial | 5% | 129.496
|
| $10 million | 2025 | Serial | 4% | 119.106
|
| $10 million | 2026 | Serial | 4% | 118.035
|
| $10 million | 2027 | Serial | 4% | 116.975
|
| $10 million | 2028 | Serial | 4% | 116.402
|
| $10 million | 2029 | Serial | 4% | 115.832
|
| $10 million | 2030 | Serial | 4% | 115.265
|
| $10 million | 2031 | Serial | 4% | 114.701
|
| $10 million | 2032 | Serial | 4% | 114.141
|
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