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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