By Aaron Hochman-Zimmerman
New York, March 3 - The State of Vermont priced $125 million series 2009A general obligation bonds (Aaa/AA+/AA+) on Monday, according to Keisha Belinsantif, associate underwriter with Citigroup Global Markets Inc.
The deal was upsized from $50.5 million and drew a 4.6% yield for the longest maturity, due in 2029.
Citigroup acted as lead underwriter for the negotiated deal, which carries serial maturities from 2010 to 2029.
Proceeds will be used for various projects through the state, including for natural resources, agriculture, criminal justice and fire service training councils.
Issuer: State of Vermont
Issue: Series 2009A general obligation bonds
Amount: | $125 million
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Maturities: | 2010 to 2029
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Yield: | 4.6% (for 2029 maturity)
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Underwriter: | Citigroup Global Markets Inc.
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Type: | Negotiated
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Pricing date: | March 2
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AA+
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| Fitch: AA+
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