Wisconsin to price $1.523 billion in appropriation bonds, BANs Thursday

By Sheri Kasprzak

New York, March 16 - The state of Wisconsin is expected to sell $1,523,340,000 in series 2009 general fund annual appropriation bonds and general fund annual appropriation bond anticipation notes on Thursday, according to a calendar of upcoming sales.

The sale includes $1,028,340,000 in series 2009A bonds, $200 million in series 2009-1 BANs and $295 million in series 2009-2 BANs.

The bonds (A1/AA-/A+) and notes (MIG1/SP-1+/F1) will be sold on a negotiated basis with Barclays Capital Corp. as the senior manager. The co-managers are Citigroup Global Markets Inc., Depfa First Albany Securities LLC, Robert W. Baird & Co., M.R. Beal & Co., Cabrera Capital Markets LLC, Edward Jones & Co., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Merrill Lynch & Co. Inc., Morgan Stanley & Co., Piper Jaffray & Co., Ramirez & Co. Inc., RBC Capital Markets Corp., Siebert Brandford Shank & Co. LLC and Wachovia Bank.

The bonds are due 2010 to 2037. The 2009-1 BANs are due Oct. 8, 2009 and the 2009-2 BANs are due Jan. 8, 2010.

Proceeds will be used to purchase tobacco settlement revenues that were previously sold by the state.

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