Published on 1/9/2014 in the Prospect News Municipals Daily.
New Issue: Ohio prices $150 million infrastructure improvement G.O. debt
By Sheri Kasprzak
New York, Jan. 9 - The State of Ohio priced $150 million of series 2014A infrastructure improvement general obligation bonds, according to a pricing sheet.
The bonds were sold competitively. The issuer did not return calls Thursday for the winning bidder.
The bonds are due 2015 to 2034 with 2% to 5% coupons and 0.2% to 4.02% yields.
Proceeds will be used to finance capital improvements of local subdivisions.
Issuer: | State of Ohio
|
Issue: | Series 2014A infrastructure improvement general obligation bonds
|
Amount: | $150 million
|
Type: | Competitive
|
Pricing date: | Jan. 8
|
Settlement date: | Jan. 22
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$4,125,000 | 2015 | Serial | 2% | 101.991 | 0.20%
|
$5,055,000 | 2016 | Serial | 2% | 103.419 | 0.37%
|
$5.26 million | 2017 | Serial | 2% | 104.304 | 0.60%
|
$5.47 million | 2018 | Serial | 3% | 108.24 | 0.95%
|
$5.69 million | 2019 | Serial | 4% | 112.878 | 1.38%
|
$5,915,000 | 2020 | Serial | 4% | 112.547 | 1.82%
|
$6,155,000 | 2021 | Serial | 4% | 111.783 | 2.20%
|
$6.4 million | 2022 | Serial | 4% | 110.867 | 2.51%
|
$6,655,000 | 2023 | Serial | 5% | 118.105 | 2.74%
|
$6.99 million | 2024 | Serial | 5% | 118.282 | 2.90%
|
$7,335,000 | 2025 | Serial | 5% | 113.988 | 3.04%
|
$7,705,000 | 2026 | Serial | 5% | 112.914 | 3.18%
|
$8.09 million | 2027 | Serial | 5% | 111.702 | 3.34%
|
$8,495,000 | 2028 | Serial | 5% | 110.506 | 3.50%
|
$8.92 million | 2029 | Serial | 5% | 109.618 | 3.62%
|
$9,365,000 | 2030 | Serial | 5% | 108.885 | 3.72%
|
$9.83 million | 2031 | Serial | 5% | 108.23 | 3.81%
|
$10,325,000 | 2032 | Serial | 5% | 107.579 | 3.90%
|
$10.84 million | 2033 | Serial | 5% | 107.148 | 3.96%
|
$11.38 million | 2034 | Serial | 5% | 106.719 | 4.02%
|
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