By Sheri Kasprzak
New York, Sept. 16 - The state of Utah sold $1,041,260,000 in series 2009C and 2009D general obligation and general obligation Build America Bonds on Tuesday and Wednesday, according to a pricing sheet.
The sale included $729.545 million in series 2009D Build America Bonds and $311.715 million in series 2009C general obligation bonds.
The 2009D bonds are due 2019 and 2024. The 2019 bonds have a 4.154% coupon, priced at par, and the 2029 bonds have a 4.554% coupon, also priced at par.
The 2009C bonds are due 2011 to 2018 with coupons from 2% to 5%.
Both bonds (Aaa/AAA/) were sold through Morgan Stanley & Co. Inc.
Proceeds will be used to fund highway improvements and improvements to higher educational facilities throughout the state.
| Issuer: | Utah
|
| Issue: | Series 2009 general obligation and Build America Bonds
|
| Total amount: | $1,041,260,000
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc. (lead)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Sept. 15 (for 2009D); Sept. 16 (for 2009C)
|
| Settlement date: | Sept. 29
|
|
|
| Series 2009C general obligation bonds
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | 102.264
|
| 2012 | Serial | 2% | 102.381
|
| 2012 | Serial | 3% | 105.086
|
| 2013 | Serial | 2% | 101.892
|
| 2013 | Serial | 4% | 109.171
|
| 2014 | Serial | 4% | 109.982
|
| 2014 | Serial | 5% | 114.519
|
| 2015 | Serial | 2% | 99.729
|
| 2015 | Serial | 5% | 115.935
|
| 2016 | Serial | 2.25% | 99.874
|
| 2016 | Serial | 5% | 117.368
|
| 2017 | Serial | 2.5% | 99.858
|
| 2017 | Serial | 5% | 117.368
|
| 2018 | Serial | 3% | 102.480
|
| 2018 | Serial | 5% | 117.995
|
|
|
| Series 2009D Build America Bonds
|
| Maturity | Type | Coupon | Price
|
| 2019 | Term | 4.154% | Par
|
| 2024 | Term | 4.554% | Par
|
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