By Cristal Cody
Springdale, Ark., March 13 - New Hampshire priced $86.3 million general obligation bonds with a 4.258% true interest cost, the issuer said Thursday.
Merrill Lynch was the successful bidder, out of eight underwriters, in the competitive sale, said Rachel Miller, chief deputy state treasurer for New Hampshire.
The series 2008A general obligation refunding bonds, due from 2016 to 2025, priced Wednesday with 5% coupons to yield 3.5% to 4.63%.
Series 2008B general obligation capital improvement bonds, due from 2009 to 2028, priced with coupons from 4% to 4.75% to yield 2.15% to 4.88%.
Proceeds from the 2008A bonds will be used to refund outstanding series 2004A and 2004B general obligation bonds, and series 2008B bonds will be used to pay for various capital improvements.
| Issuer: | New Hampshire
|
| Issue: | General obligation refunding and capital improvement bonds
|
| Amount: | $86.3 million
|
| Type: | Competitive
|
| True interest cost: | 4.258%
|
| Ratings: | Fitch: AA
|
| Pricing date: | March 12
|
|
|
| Series 2008A
|
| Maturities: | 2016 to 2025 |
|
| Coupons: | 5%
|
| Yields: | 3.5% to 4.63%
|
|
|
| Series 2008B
|
| Maturities: | 2009 to 2028
|
| Coupons: | 4% to 4.75%
|
| Yields: | 2.15% to 4.88%
|
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