Published on 3/12/2014 in the Prospect News Municipals Daily.
New Issue: Boston, Mass., brings to market $156.87 million general obligation debt
By Sheri Kasprzak
New York, March 12 - The City of Boston priced $156,865,000 of series 2014A general obligation bonds, said a pricing sheet.
The bonds (Aaa/AAA/) were sold competitively. The issuer did not immediately respond to requests for the winning bidder Wednesday.
The bonds are due 2015 to 2034 with 3% to 5% coupons and 0.12% to 3.68% yields.
Proceeds will be used to finance capital projects within the city.
| Issuer: | City of Boston
|
| Issue: | Series 2014A general obligation bonds
|
| Amount: | $156,865,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | March 12
|
| Settlement date: | March 26
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $8.99 million | 2015 | Serial | 5% | 104.537 | 0.12%
|
| $8.91 million | 2016 | Serial | 5% | 109.101 | 0.27%
|
| $9,265,000 | 2017 | Serial | 5% | 113.231 | 0.45%
|
| $9,635,000 | 2018 | Serial | 5% | 116.43 | 0.75%
|
| $10.03 million | 2019 | Serial | 5% | 118.877 | 1.06%
|
| $7.73 million | 2020 | Serial | 5% | 120.102 | 1.45%
|
| $8.04 million | 2021 | Serial | 5% | 120.616 | 1.82%
|
| $8.36 million | 2022 | Serial | 5% | 120.757 | 2.14%
|
| $8.7 million | 2023 | Serial | 5% | 121.233 | 2.35%
|
| $9,045,000 | 2024 | Serial | 5% | 121.96 | 2.49%
|
| $6.34 million | 2025 | Serial | 5% | 120.689 | 2.62%
|
| $6.59 million | 2026 | Serial | 3% | 100 | 3.00%
|
| $6.86 million | 2027 | Serial | 3% | 98.729 | 3.12%
|
| $7,125,000 | 2028 | Serial | 4% | 106.933 | 3.18%
|
| $7,415,000 | 2029 | Serial | 4% | 105.971 | 3.29%
|
| $6,245,000 | 2030 | Serial | 3.5% | 99.514 | 3.54%
|
| $6,495,000 | 2031 | Serial | 4% | 104.332 | 3.48%
|
| $6,755,000 | 2032 | Serial | 4% | 103.651 | 3.56%
|
| $7,025,000 | 2033 | Serial | 4% | 103.059 | 3.63%
|
| $7.31 million | 2034 | Serial | 4% | 102.639 | 3.68%
|
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