Published on 11/17/2015 in the Prospect News Municipals Daily.
New Issue: Wisconsin prices $225 million transportation revenue bonds
By Sheri Kasprzak
New York, Nov. 17 – The State of Wisconsin sold $225 million of series 2015A transportation revenue bonds, according to a pricing sheet.
The bonds (//AA+) were sold competitively with BofA Merrill Lynch winning the bid at a 3.378736% true interest cost.
The bonds are due 2017 to 2036 with 3% to 5% coupons and yields from 0.62% to 3.03%.
Proceeds will be used to finance state transportation facilities and highway projects.
| Issuer: | State of Wisconsin
|
| Issue: | Series 2015A transportation revenue bonds
|
| Amount: | $225 million
|
| Type: | Competitive
|
| Underwriter: | BofA Merrill Lynch (winner)
|
| True interest cost: | 3.378736%
|
| Rating: | Fitch: AA+
|
| Pricing date: | Nov. 17
|
| Settlement date: | Dec. 10
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.48 million | 2017 | Serial | 5% | 106.781 | 0.62%
|
| $2.58 million | 2018 | Serial | 5% | 110.426 | 0.87%
|
| $2,685,000 | 2019 | Serial | 5% | 113.722 | 1.06%
|
| $2.79 million | 2020 | Serial | 5% | 116.419 | 1.28%
|
| $2.93 million | 2021 | Seral | 5% | 118.597 | 1.50%
|
| $9,805,000 | 2022 | Serial | 5% | 120.053 | 1.75%
|
| $10,295,000 | 2023 | Serial | 5% | 121.18 | 1.97%
|
| $10,805,000 | 2024 | Serial | 5% | 122.169 | 2.15%
|
| $11.35 million | 2025 | Serial | 4% | 113.97 | 2.20%
|
| $11,915,000 | 2026 | Serial | 3% | 103.829 | 2.50%
|
| $12.51 million | 2027 | Serial | 5% | 119.068 | 2.51%
|
| $13,135,000 | 2028 | Serial | 5% | 118.729 | 2.55%
|
| $13,795,000 | 2029 | Serial | 5% | 118.055 | 2.63%
|
| $14,485,000 | 2030 | Serial | 5% | 117.385 | 2.71%
|
| $15,205,000 | 2031 | Serial | 5% | 116.637 | 2.80%
|
| $15.97 million | 2032 | Serial | 5% | 116.224 | 285%
|
| $16,765,000 | 2033 | Serial | 5% | 115.977 | 2.88%
|
| $17,605,000 | 2034 | Serial | 5% | 115.567 | 2.93%
|
| $18,485,000 | 2035 | Serial | 5% | 115.158 | 2.98%
|
| $19.41 million | 2036 | Serial | 5% | 114.751 | 3.03%
|
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