Published on 8/13/2012 in the Prospect News Municipals Daily.
New Issue: Rochester, N.Y., prices $66.94 million G.O. bonds
By Sheri Kasprzak
New York, Aug. 13 - The City of Rochester, N.Y., priced $66,943,000 of series 2012-I general obligation bonds, according to a pricing sheet.
The bonds (Aa3/A+/A+) were sold competitively. The issuer did not immediately return calls for the winner.
The bonds are due 2013 to 2027 with 1% to 4% coupons.
Proceeds will be used to redeem bond anticipation notes that were issued to construct, acquire, design and equip school, water supply, sewer and library facilities.
| Issuer: | City of Rochester, N.Y.
|
| Issue: | Series 2012-I general obligation bonds
|
| Amount: | $66,943,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $7,428,000 | 2013 | Serial | 1% | 100.658
|
| $7,185,000 | 2014 | Serial | 2% | 102.88
|
| $6.93 million | 2015 | Serial | 4% | 109.936
|
| $6,625,000 | 2016 | Serial | 4% | 112.362
|
| $6,355,000 | 2017 | Serial | 5% | 119.46
|
| $6,105,000 | 2018 | Serial | 4% | 115.535
|
| $4,605,000 | 2019 | Serial | 4% | 116.193
|
| $4,025,000 | 2020 | Serial | 4% | 116.323
|
| $3.7 million | 2021 | Serial | 2% | 100
|
| $3.5 million | 2022 | Serial | 2.125% | 99.776
|
| $3.48 million | 2023 | Serial | 2.25% | 99.516
|
| $2,805,000 | 2024 | Serial | 3% | 104.343
|
| $1.98 million | 2025 | Serial | 2.5% | 100
|
| $1.39 million | 2026 | Serial | 2.5% | 98.832
|
| $830,000 | 2027 | Serial | 2.5% | 97.546
|
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