Published on 8/17/2012 in the Prospect News Municipals Daily.
New Issue: Daytona Beach, Fla., prices $54.45 million utility system revenue bonds
By Sheri Kasprzak
New York, Aug. 17 - The City of Daytona Beach, Fla., priced $54.45 million of series 2012 utility system improvement and refunding revenue bonds, said a term sheet.
The bonds (/A/) were sold through Stifel, Nicolaus & Co. Inc.
The bonds are due 2013 to 2032 with 0.5% to 5% coupons.
Proceed will be used to finance capital improvements to the city's utility system and refund existing debt.
Issuer: | City of Daytona Beach, Fla.
|
Issue: | Series 2012 utility system improvement and refunding revenue bonds
|
Amount: | $54.45 million
|
Type: | Negotiated
|
Underwriter: | Stifel, Nicolaus & Co.
|
Ratings: | Standard & Poor's: A
|
Pricing date: | Aug. 16
|
Settlement date: | Sept. 20
|
|
Amount | Maturity | Type | Coupon | Price
|
$3.53 million | 2013 | Serial | 0.5% | 100
|
$3,805,000 | 2014 | Serial | 3% | 104.644
|
$3.92 million | 2015 | Serial | 4% | 109.271
|
$4,075,000 | 2016 | Serial | 4% | 110.822
|
$4.24 million | 2017 | Serial | 4% | 111.738
|
$2.46 million | 2018 | Serial | 4% | 112.065
|
$2,525,000 | 2019 | Serial | 5% | 118.054
|
$2,695,000 | 2020 | Serial | 5% | 117.932
|
$2,865,000 | 2021 | Serial | 5% | 118.114
|
$3,055,000 | 2022 | Serial | 5% | 118.58
|
$745,000 | 2023 | Serial | 4% | 108.847
|
$775,000 | 2024 | Serial | 4% | 108.302
|
$2.35 million | 2025 | Serial | 4% | 107.579
|
$2.44 million | 2026 | Serial | 4% | 107.041
|
$2,535,000 | 2027 | Serial | 5% | 114.978
|
$2.25 million | 2028 | Serial | 5% | 114.329
|
$2.36 million | 2029 | Serial | 5% | 113.684
|
$2,485,000 | 2030 | Serial | 5% | 113.135
|
$2,605,000 | 2031 | Serial | 5% | 112.589
|
$2,735,000 | 2032 | Serial | 5% | 112.046
|
© 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.