Published on 3/21/2014 in the Prospect News Municipals Daily.
New Issue: Wisconsin brings to market $339.75 million of revenue, refunding bonds
By Sheri Kasprzak
New York, March 21 - The State of Wisconsin sold $339,745,000 of series 2014 transportation revenue and revenue refunding bonds, said a pricing sheet.
The bonds (Aa2/AA+/AA+) were sold through Jefferies & Co.
The bonds are due 2015 to 2034 with 2% to 5% coupons and 0.21% to 3.88% yields.
Proceeds will be used to finance transportation projects and refund existing revenue bonds.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2014 transportation revenue and revenue refunding bonds
|
| Amount: | $339,745,000
|
| Type: | Negotiated
|
| Underwriter: | Jefferies & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | March 20
|
| Settlement date: | April 23
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $18,475,000 | 2015 | Serial | 2% | 102.124 | 0.21%
|
| $12.93 million | 2016 | Serial | 5% | 109.968 | 0.42%
|
| $14,495,000 | 2017 | Serial | 5% | 113.535 | 0.7%
|
| $1.83 million | 2018 | Serial | 5% | 116.099 | 1.06%
|
| $1.67 million | 2019 | Serial | 5% | 117.9 | 1.41%
|
| $9,715,000 | 2020 | Serial | 5% | 116.645 | 1.64%
|
| $13,285,000 | 2021 | Serial | 5% | 115.353 | 1.88%
|
| $15,115,000 | 2022 | Serial | 5% | 114.501 | 2.04%
|
| $15.87 million | 2023 | Serial | 5% | 114.025 | 2.13%
|
| $16,665,000 | 2024 | Serial | 5% | 113.708 | 2.19%
|
| $17,495,000 | 2025 | Serial | 5% | 113.341 | 2.26%
|
| $18,375,000 | 2026 | Serial | 5% | 112.61 | 2.4%
|
| $19,285,000 | 2027 | Serial | 5% | 113.876 | 3.07%
|
| $20,255,000 | 2028 | Serial | 5% | 113.103 | 3.17%
|
| $21.27 million | 2029 | Serial | 5% | 112.336 | 3.27%
|
| $22.33 million | 2030 | Serial | 5% | 111.726 | 3.35%
|
| $23.45 million | 2031 | Serial | 5% | 111.121 | 3.43%
|
| $24.62 million | 2032 | Serial | 4.5% | 105.169 | 3.76%
|
| $25.73 million | 2033 | Serial | 4.5% | 104.666 | 3.83%
|
| $26,885,000 | 2034 | Serial | 4.5% | 104.309 | 3.88%
|
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