Published on 3/5/2013 in the Prospect News Municipals Daily.
New Issue: Fulton County, Ga., brings $224.1 million of water and sewerage bonds
By Sheri Kasprzak
New York, March 5 - Fulton County, Ga., sold $224.1 million of series 2013 water and sewerage revenue refunding bonds, according to a pricing sheet.
The bonds (Aa3/AA-/AA-) were sold through J.P. Morgan Securities LLC and Citigroup Global Markets Inc.
The bonds are due 2025 to 2035 with 3.375% to 5% coupons.
Proceeds will be used to refund the county's series 2004 water and sewerage revenue bonds.
Issuer: | Fulton County, Ga.
|
Issue: | Series 2013 water and sewerage revenue refunding bonds
|
Amount: | $224.1 million
|
Type: | Negotiated
|
Underwriters: | J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (lead), BofA Merrill Lynch, Terminus Securities and Raymond James/Morgan Keegan (co-managers)
|
Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
Pricing date: | March 5
|
Settlement date: | April 4
|
|
Amount | Maturity | Type | Coupon | Price
|
$3,665,000 | 2025 | Serial | 5% | 121.976
|
$3,845,000 | 2026 | Serial | 5% | 120.915
|
$4,035,000 | 2027 | Serial | 5% | 119.771
|
$4,235,000 | 2028 | Serial | 5% | 118.921
|
$25,655,000 | 2029 | Serial | 5% | 118.358
|
$26.94 million | 2030 | Serial | 5% | 117.892
|
$28,285,000 | 2031 | Serial | 5% | 117.428
|
$5 million | 2032 | Serial | 3.375% | 98.967
|
$24,705,000 | 2032 | Serial | 5% | 116.965
|
$31,105,000 | 2033 | Serial | 5% | 116.781
|
$32.66 million | 2034 | Serial | 4% | 105.53
|
$33.97 million | 2035 | Serial | 4% | 105.105
|
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