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Published on 3/27/2012 in the Prospect News Municipals Daily.

New Issue: Oklahoma City prices $50.04 million of G.O. bonds

By Sheri Kasprzak

New York, March 27 - The City of Oklahoma City priced $50.04 million of series 2012 general obligation bonds, said a pricing sheet.

The bonds (Aaa/AAA/) were sold competitively. The issuer did not return calls Tuesday for the winning bidder.

The bonds are due 2015 to 2032 with 4% to 5% coupons.

Proceeds will be used to finance the construction, reconstruction, improvement, widening and repair of certain city streets; construction, improvement and repair of city bridges; construction and installation of traffic control improvements; improvement of parks, playgrounds, community centers, swimming pools, piers, public docks, gymnasiums and other parks and recreation facilities; and the construction of fire stations, fire training facilities and other fire department facilities, as well as new police facilities.

Issuer:City of Oklahoma City, Okla.
Issue:Series 2012 general obligation bonds
Amount:$50,040,000
Type:Competitive
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Pricing date:March 27
Settlement date:May 16
AmountMaturityTypeCouponPrice/Yield
$2.78 million2015Serial5%112.073
$2.78 million2016Serial5%115.127
$2.78 million2017Serial4%113.398
$2.78 million2018Serial4%114.174
$2.78 million2019Serial5%121.294
$2.78 million2020Serial5%122.35
$2.78 million2021Serial5%123.076
$2.78 million2022Serial4%114.92
$2.78 million2023Serial4%2.55%
$2.78 million2024Serial4%2.71%
$2.78 million2025Serial4%2.9%
$2.78 million2026Serial4%3.06%
$2.78 million2027Serial5%2.82%
$2.78 million2028Serial5%2.9%
$2.78 million2029Serial5%2.97%
$2.78 million2030Serial5%3.04%
$2.78 million2031Serial5%3.1%
$2.74 million2032Serial5%3.16%

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