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Published on 2/24/2012 in the Prospect News Municipals Daily.

New Issue: Wisconsin sells $221.46 million of G.O. refunding bonds

By Sheri Kasprzak

New York, Feb. 24 - The State of Wisconsin priced $221.46 million of series 2012-1 general obligation refunding bonds, according to a term sheet.

The bonds (Aa2/AA/AA) were sold through Barclays Capital Inc.

The bonds are due 2014 to 2031 with 2.45% to 5% coupons.

Proceeds will be used to refund existing G.O. bonds.

Issuer:State of Wisconsin
Issue:Series 2012-1 general obligation refunding bonds
Amount:$221.46 million
Type:Negotiated
Underwriter:Barclays Capital Inc.
Ratings:Moody's: Aa2
Standard & Poor's: AA
Fitch: AA
Pricing date:Feb. 23
Settlement date:March 20
AmountMaturityTypeCouponPrice
$36.98 million2014Serial3%105.576
$38,075,0002015Serial4%110.734
$5.25 million2016Serial4%113.358
$12.67 million2016Serial5%117.406
$18,725,0002017Serial5%120.668
$1 million2018Serial4%116.714
$18,655,0002018Serial5%122.599
$21.15 million2019Serial5%123.911
$11.63 million2020Serial5%124.482
$11,995,0002021Serial4%116.676
$11.7 million2022Serial5%125.469
$8.06 million2023Serial2.45%100
$6,865,0002024Serial2.65%100
$4,885,0002025Serial2.85%100
$3,225,0002026Serial5%121.518
$3,385,0002027Serial5%120.628
$3,355,0002028Serial5%119.745
$2.79 million2029Serial5%118.87
$615,0002030Serial5%118.194
$450,0002031Serial5%117.332

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