Wisconsin orchestrates $598.13 million offering of appropriation bonds

By Sheri Kasprzak

New York, July 20 – The State of Wisconsin is set to price $598.13 million of series 2016 general fund appropriation refunding bonds, according to a preliminary official statement.

The deal includes $399.83 million of series 2016A taxable refunding bonds and $198.3 million of series 2016B taxable refunding bonds.

The bonds will be sold through Stifel, Nicolaus & Co. and Ramirez & Co. Inc. The co-managers are Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.

The 2016A bonds are due 2019 to 2027, and the 2016B bonds are due 2018 to 2037.

Proceeds will be used to refund the state’s series 2003 and 2009 state appropriation bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.