New Issue: Washington state sells $64.04 million certificates of participation

By Sheri Kasprzak

New York, Aug. 12 – The State of Washington sold $64,035,000 of series 2014B certificates of participation, according to a pricing sheet.

The certificates (Aa2) were sold competitively. The issuer did not respond to requests for the winning bidder by press time Tuesday.

The COPs are due 2015 to 2034 with 3% to 5% coupons and 0.14% to 3.66% yields.

Proceeds will be used to acquire, construct and remodel five properties for state and local agencies.

Issuer:	State of Washington
Issue:	Series 2014B certificates of participation
Amount:	$64,035,000
Type:	Competitive
Rating:	Moody’s: Aa2
Pricing date:	Aug. 12
Settlement date:	Aug. 28
Amount	Maturity	Type	Coupon	Price	Yield
$5.9 million	2015	Serial	5%	104.086	0.14%
$6.18 million	2016	Serial	5%	108.431	0.40%
$6.5 million	2017	Serial	5%	112.076	0.70%
$6,315,000	2018	Serial	5%	114.914	1.03%
$5.02 million	2019	Serial	5%	116.793	1.40%
$4.34 million	2020	Serial	5%	118.458	1.67%
$3.59 million	2021	Serial	5%	119.514	1.94%
$3.37 million	2022	Serial	5%	120.222	2.18%
$3,545,000	2023	Serial	5%	120.864	2.37%
$3,745,000	2024	Serial	5%	121.883	2.48%
$1.98 million	2025	Serial	5%	120.718	2.60%
$2.08 million	2026	Serial	5%	119.662	2.71%
$2,165,000	2027	Serial	3%	98.423	3.15%
$2.14 million	2028	Serial	3%	97.228	3.25%
$2.21 million	2029	Serial	3.25%	98.95	3.34%
$925,000	2030	Serial	3.25%	97.931	3.42%
$955,000	2031	Serial	3.375%	98.541	3.49%
$990,000	2032	Serial	3.5%	99.209	3.56%
$1,025,000	2033	Serial	3.5%	98.502	3.61%
$1.06 million	2034	Serial	3.5%	97.753	3.66%

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