By Sheri Kasprzak
New York, Oct. 13 - The Commonwealth of Virginia sold $171.27 million in a slightly upsized offering of general obligation bonds on Wednesday, according to a pricing sheet.
The sale included $21.72 million in series 2010A-1 tax-exempt bonds and $149.55 million in series 2010A-2 Build America Bonds.
The 2010A-1 bonds are due 2011 to 2015 with 2% to 5% coupons. The 2010A-2 bonds are due 2016 to 2026 with term bonds due 2030 and 2040. Coupons range from 2.1% to 3.85%. The 2030 bonds have a 4.4% coupon but were not reoffered. The 2040 bonds have a 4.7% coupon and were also not reoffered.
The bonds were sold competitively. Calls to the issuer for the winning bidder were not returned Wednesday.
Proceeds will be used to fund capital projects at Virginia higher education facilities.
| Issuer: | Commonwealth of Virginia
|
| Issue: | Series 2010A general obligation bonds
|
| Amount: | $171.27 million
|
| Type: | Competitive
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 27
|
|
|
| $21.72 million series 2010A-1
|
| Amount | Maturity | Type | Coupon | Price
|
| $560,000 | 2011 | Serial | 2% | NRO
|
| $2.63 million | 2012 | Serial | 3% | NRO
|
| $5.905 million | 2013 | Serial | 4% | NRO
|
| $6.155 million | 2014 | Serial | 5% | NRO
|
| $6.47 million | 2015 | Serial | 5% | NRO
|
|
|
| $149.55 million series 2010A-2
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.785 million | 2016 | Serial | 2.1% | 100.051
|
| $6.88 million | 2017 | Serial | 2.4% | 100.059
|
| $6.98 million | 2018 | Serial | 2.75% | 99.93
|
| $7.1 million | 2019 | Serial | 2.95% | 99.922
|
| $7.235 million | 2020 | Serial | 3.05% | 99.915
|
| $7.03 million | 2021 | Serial | 3.15% | 99.908
|
| $7.19 million | 2022 | Serial | 3.3% | NRO
|
| $7.33 million | 2023 | Serial | 3.45% | NRO
|
| $7.495 million | 2024 | Serial | 3.6% | NRO
|
| $7.67 million | 2025 | Serial | 3.75% | NRO
|
| $7.85 million | 2026 | Serial | 3.85% | NRO
|
| $34.185 million | 2030 | Term | 4.4% | NRO
|
| $35.82 million | 2040 | Term | 4.7% | NRO
|
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