By Sheri Kasprzak
New York, Aug. 5 - The Wisconsin Department of Transportation priced $185 million in series 2008A revenue bonds on Tuesday, said Frank Hoadley, capital finance director for the state.
The bonds (//AA) were sold on a negotiated basis with Lehman Brothers as the senior manager. The co-managers were Ramirez & Co., Cabrera Capital Markets, Goldman, Sachs & Co. and Merrill Lynch.
The bonds are due 2010 to 2029 with 5% coupons and yields from 2.33% to 4.87%.
Proceeds from the sale will be used to fund transportation projects.
| Issuer: | Wisconsin Department of Transportation
|
| Issue: | Series 2008A revenue bonds
|
| Amount: | $185 million
|
| Type: | Negotiated
|
| Underwriters: | Lehman Brothers (lead); Ramirez & Co., Cabrera Capital Markets, Goldman, Sachs & Co. and Merrill Lynch (co-managers)
|
| Rating: | Fitch: AA
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 27
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2010 | Serial | 5% | 2.33%
|
| 2011 | Serial | 5% | 2.81%
|
| 2012 | Serial | 5% | 3.05%
|
| 2013 | Serial | 5% | 3.24%
|
| 2014 | Serial | 5% | 3.42%
|
| 2015 | Serial | 5% | 3.57%
|
| 2016 | Serial | 5% | 3.72%
|
| 2017 | Serial | 5% | 3.86%
|
| 2018 | Serial | 5% | 3.98%
|
| 2019 | Serial | 5% | 4.17%
|
| 2020 | Serial | 5% | 4.31%
|
| 2021 | Serial | 5% | 4.42%
|
| 2022 | Serial | 5% | 4.50%
|
| 2023 | Serial | 5% | 4.56%
|
| 2024 | Serial | 5% | 4.62%
|
| 2025 | Serial | 5% | 4.68%
|
| 2026 | Serial | 5% | 4.73%
|
| 2027 | Serial | 5% | 4.77%
|
| 2028 | Serial | 5% | 4.82%
|
| 2029 | Serial | 5% | 4.87%
|
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