By Sheri Kasprzak
New York, Jan. 7 - The Boston Water & Sewer Commission sold $92.86 million in series 2010 general revenue refunding bonds on Thursday, according to a pricing sheet.
The bonds (Aa2/AA+/AA) were sold through Merrill Lynch & Co.
The bonds are due 2010 to 2011 and 2016 to 2031 with 2.5% to 5% coupons.
Proceeds will be used to refund existing water and sewer bonds.
| Issuer: | Boston Water & Sewer Commission
|
| Issue: | Series 2010 general revenue refunding bonds
|
| Amount: | $92.86 million
|
| Type: | Negotiated
|
| Underwriter: | Merrill Lynch & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 20
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2.5% | 101.634
|
| 2011 | Serial | 2.5% | 103.359
|
| 2016 | Serial | 4% | 110.547
|
| 2017 | Serial | 4% | 109.653
|
| 2019 | Serial | 4% | 107.539
|
| 2020 | Serial | 4% | 106.323
|
| 2021 | Serial | 5% | 113.927
|
| 2022 | Serial | 5% | 113.302
|
| 2023 | Serial | 5% | 112.68
|
| 2024 | Serial | 3.5% | 98.519
|
| 2024 | Serial | 5% | 112.063
|
| 2025 | Serial | 4% | 102.438
|
| 2025 | Serial | 5% | 111.45
|
| 2026 | Serial | 5% | 111.015
|
| 2027 | Serial | 5% | 110.408
|
| 2028 | Serial | 5% | 109.806
|
| 2029 | Serial | 5% | 109.207
|
| 2030 | Serial | 5% | 108.613
|
| 2031 | Serial | 4% | 98.563
|
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