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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
AmountMaturityTypeCouponPriceYield
$8.99 million2015Serial5%104.5370.12%
$8.91 million2016Serial5%109.1010.27%
$9,265,0002017Serial5%113.2310.45%
$9,635,0002018Serial5%116.430.75%
$10.03 million2019Serial5%118.8771.06%
$7.73 million2020Serial5%120.1021.45%
$8.04 million2021Serial5%120.6161.82%
$8.36 million2022Serial5%120.7572.14%
$8.7 million2023Serial5%121.2332.35%
$9,045,0002024Serial5%121.962.49%
$6.34 million2025Serial5%120.6892.62%
$6.59 million2026Serial3%1003.00%
$6.86 million2027Serial3%98.7293.12%
$7,125,0002028Serial4%106.9333.18%
$7,415,0002029Serial4%105.9713.29%
$6,245,0002030Serial3.5%99.5143.54%
$6,495,0002031Serial4%104.3323.48%
$6,755,0002032Serial4%103.6513.56%
$7,025,0002033Serial4%103.0593.63%
$7.31 million2034Serial4%102.6393.68%

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