Published on 8/7/2014 in the Prospect News Municipals Daily.
New Issue: Wisconsin brings to market $275.87 million of G.O. refunding bonds
By Sheri Kasprzak
New York, Aug. 7 – The State of Wisconsin sold $275,865,000 of series 2014-3 general obligation refunding bonds, said a pricing sheet.
The bonds (/AA/AA) were sold through RBC Capital Markets LLC.
The bonds are due 2020 to 2029 with 2% to 5% coupons and 1.69% to 2.81% yields.
Proceeds will be used to refund existing G.O. debt.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2014-3 general obligation refunding bonds
|
| Amount: | $275,865,000
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead), Baird & Co., BofA Merrill Lynch, PNC Capital Markets LLC and Loop Capital Markets LLC (co-managers)
|
| Pricing date: | Aug. 6
|
| Settlement date: | Sept. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3.35 million | 2020 | Serial | 2% | 101.805 | 1.69%
|
| $8.2 million | 2020 | Serial | 4% | 113.46 | 1.69%
|
| $36.36 million | 2020 | Serial | 5% | 119.287 | 1.69%
|
| $2,895,000 | 2021 | Serial | 3% | 106.915 | 1.96%
|
| $835,000 | 2021 | Serial | 4% | 113.565 | 1.96%
|
| $46,515,000 | 2021 | Serial | 5% | 120.216 | 1.96%
|
| $750,000 | 2022 | Serial | 3% | 106.021 | 2.19%
|
| $2,925,000 | 2022 | Serial | 4% | 113.457 | 2.19%
|
| $49,085,000 | 2022 | Serial | 5% | 120.892 | 2.19%
|
| $55.44 million | 2023 | Serial | 5% | 119.654 | 2.34%
|
| $5.53 million | 2024 | Serial | 5% | 118.918 | 2.43%
|
| $37,135,000 | 2025 | Serial | 5% | 118.268 | 2.51%
|
| $6.27 million | 2026 | Serial | 5% | 117.462 | 2.61%
|
| $6,565,000 | 2027 | Serial | 5% | 116.901 | 2.68%
|
| $6.86 million | 2028 | Serial | 5% | 116.423 | 2.74%
|
| $7.15 million | 2029 | Serial | 5% | 115.868 | 2.81%
|
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