By Sheri Kasprzak
New York, Feb. 25 - The State of Vermont priced $58.83 million of series 2010 general obligation bonds, said a term sheet.
The bonds were sold through lead manager Citigroup Global Markets Inc.
The deal included $20 million of series 2010B G.O.s, $29.155 million of series 2010C-1 G.O. refunding bonds and $9.675 million of series 2010C-2 G.O. refunding bonds.
The 2010B bonds are due 2010 to 2019 with 2% to 2.8% coupons. The 2010C-1 bonds are due 2014 to 2021 with coupons from 2% to 5%, and the 2010C-2 bonds are due 2011 to 2021 with coupons from 2% to 5%.
Proceeds will be used to refund the state's series 2002 and 2005 bonds.
| Issuer: | State of Vermont
|
| Issue: | Series 2010 general obligation bonds
|
| Amount: | $58.83 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Pricing date: | Feb. 25
|
|
|
| Series 2010B bonds
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.747
|
| 2011 | Serial | 2% | 102.347
|
| 2012 | Serial | 2% | 103.148
|
| 2013 | Serial | 2% | 103.601
|
| 2014 | Serial | 2% | 103.264
|
| 2015 | Serial | 2% | 101.914
|
| 2016 | Serial | 2% | 99.580
|
| 2017 | Serial | 2.3% | 99.255
|
| 2018 | Serial | 2.6% | 99.473
|
| 2019 | Serial | 2.8% | 99.669
|
|
|
| Series 2010C-1 bonds
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 2% | 103.264
|
| 2014 | Serial | 5% | 116.150
|
| 2015 | Serial | 2% | 101.914
|
| 2015 | Serial | 5% | 117.436
|
| 2016 | Serial | 5% | 117.547
|
| 2017 | Serial | 5% | 117.516
|
| 2018 | Serial | 2.6% | 99.473
|
| 2018 | Serial | 5% | 117.478
|
| 2019 | Serial | 5% | 117.753
|
| 2020 | Serial | 5% | 116.494
|
| 2021 | Serial | 3% | 99.232
|
|
|
| Series 2010C-2 bonds
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | 102.347
|
| 2012 | Serial | 2% | 103.148
|
| 2013 | Serial | 2% | 103.601
|
| 2014 | Serial | 2% | 103.264
|
| 2015 | Serial | 2% | 101.914
|
| 2016 | Serial | 2% | 99.580
|
| 2017 | Serial | 3% | 103.989
|
| 2018 | Serial | 3% | 102.474
|
| 2019 | Serial | 3% | 101.313
|
| 2021 | Serial | 3% | 99.232
|
| 2021 | Serial | 5% | 115.604
|
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