By Sheri Kasprzak
New York, Aug. 17 - The Ohio Building Authority sold on Tuesday $202.35 million of series 2010 state facilities refunding bonds through Morgan Stanley & Co. Inc., said a term sheet.
The sale included $72.15 million of series 2010A adult correctional building refunding bonds, $115.85 million of series 2010C administrative building fund projects refunding bonds and $14.35 million of series 2010D juvenile correctional building fund projects refunding bonds.
The 2010A bonds are due 2012 to 2024 with coupons from 2% to 5%. The 2010C bonds are due 2012 to 2024 with coupons from 3% to 5%. The 2010D bonds are due 2013 to 2024 with coupons from 2.25% to 5%.
Proceeds will be used to refund bonds issued to finance the construction of administrative, adult correctional and juvenile correctional building projects.
| Issuer: | Ohio Building Authority
|
| Issue: | Series 2010 state facilities refunding bonds
|
| Amount: | $202.35 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc. (lead)
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 31
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2% | 103.083
|
| 2012 | Serial | 3% | 105.153
|
| 2013 | Serial | 5% | 112.635
|
| 2014 | Serial | 5% | 115.616
|
| 2015 | Serial | 2.25% | 103.408
|
| 2015 | Serial | 5% | 116.8
|
| 2016 | Serial | 4% | 111.887
|
| 2017 | Serial | 3% | 105.152
|
| 2017 | Serial | 5% | 118.198
|
| 2018 | Serial | 3% | 104.009
|
| 2019 | Serial | 5% | 118.592
|
| 2020 | Serial | 5% | 118.532
|
| 2021 | Serial | 3% | 99.904
|
| 2021 | Serial | 5% | 117.193
|
| 2022 | Serial | 5% | 115.873
|
| 2023 | Serial | 5% | 114.662
|
| 2024 | Serial | 5% | 113.65
|
|
|
| Series 2010C
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 105.153
|
| 2013 | Serial | 3% | 106.56
|
| 2013 | Serial | 4% | 109.597
|
| 2014 | Serial | 4% | 111.632
|
| 2014 | Serial | 5% | 115.616
|
| 2015 | Serial | 4% | 111.93
|
| 2015 | Serial | 5% | 116.8
|
| 2016 | Serial | 4% | 111.887
|
| 2016 | Serial | 5% | 117.602
|
| 2017 | Serial | 5% | 118.198
|
| 2018 | Serial | 5% | 118.594
|
| 2019 | Serial | 5% | 118.592
|
| 2020 | Serial | 5% | 118.532
|
| 2021 | Serial | 5% | NRO
|
| 2022 | Serial | 5% | NRO
|
| 2023 | Serial | 5% | NRO
|
| 2024 | Serial | 5% | NRO
|
|
|
| Series 2010D
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 3% | 106.56
|
| 2014 | Serial | 2.25% | 104.66
|
| 2015 | Serial | 2.25% | 103.408
|
| 2016 | Serial | 2.5% | 103.314
|
| 2017 | Serial | 3% | 105.152
|
| 2018 | Serial | 3% | 104.009
|
| 2019 | Serial | 5% | 118.592
|
| 2020 | Serial | 5% | 118.532
|
| 2021 | Serial | 3% | 99.904
|
| 2022 | Serial | 5% | 115.873
|
| 2023 | Serial | 3.25% | 99.681
|
| 2023 | Serial | 5% | 114.662
|
| 2024 | Serial | 5% | 113.65
|
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