Published on 10/24/2012 in the Prospect News Municipals Daily.
New Issue: Oklahoma Water Resources brings $86.51 million of revenue bonds
By Sheri Kasprzak
New York, Oct. 24 - The Oklahoma Water Resources Board sold $86,505,000 of series 2012B revolving fund revenue bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through Bank of America Merrill Lynch.
The bonds are due 2014 to 2033 with 2% to 5% coupons.
Proceeds will be used to make subsidized loans to qualified local governments to make improvements to wastewater treatment facilities.
Issuer: | Oklahoma Water Resources Board
|
Issue: | Series 2012B revolving fund revenue bonds
|
Amount: | $86,505,000
|
Type: | Negotiated
|
Underwriters: | Bank of America Merrill Lynch (lead), BOSC Inc., J.P. Morgan Securities LLC and Wells Nelson & Associates LLC (co-managers)
|
Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
Pricing date: | Oct. 24
|
Settlement date: | Nov. 7
|
|
Amount | Maturity | Type | Coupon | Price
|
$620,000 | 2014 | Serial | 2% | 102.401
|
$2.01 million | 2015 | Serial | 3% | 106.178
|
$2.06 million | 2016 | Serial | 4% | 111.568
|
$1,755,000 | 2017 | Serial | 5% | 118.551
|
$805,000 | 2018 | Serial | 3% | 111.155
|
$2.61 million | 2019 | Serial | 5% | 123.827
|
$2.41 million | 2020 | Serial | 4% | 118.215
|
$2.76 million | 2021 | Serial | 5% | 126.264
|
$4,095,000 | 2022 | Serial | 5% | 127.259
|
$4.81 million | 2023 | Serial | 5% | 125.687
|
$5,245,000 | 2024 | Serial | 5% | 124.909
|
$275,000 | 2025 | Serial | 4% | 113.571
|
$3,225,000 | 2025 | Serial | 5% | 124.041
|
$600,000 | 2026 | Serial | 3% | 103.315
|
$1,605,000 | 2026 | Serial | 4% | 112.941
|
$610,000 | 2027 | Serial | 4% | 111.96
|
$6.04 million | 2027 | Serial | 5% | 122.799
|
$6,255,000 | 2028 | Serial | 5% | 122.231
|
$7,455,000 | 2029 | Serial | 4% | 110.902
|
$7,915,000 | 2030 | Serial | 4% | 110.377
|
$1.23 million | 2031 | Serial | 3% | 100
|
$6,265,000 | 2031 | Serial | 4% | 109.855
|
$9.41 million | 2032 | Serial | 5% | 119.99
|
$6.44 million | 2033 | Serial | 3% | 98.793
|
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