By Sheri Kasprzak
New York, Feb. 7 - Shelby County in Tennessee sold $253,555,000 of series 2012 general obligation refunding bonds on Tuesday, according to a pricing sheet.
The deal included $238,415,000 of series 2012A bonds and $15.14 million of series 2012B special G.O. school refunding bonds.
The bonds (Aa1/AA+/AA+) were sold through senior manager Goldman, Sachs & Co.
The 2012A bonds are due 2013 to 2024 and 2026 to 2028 with 2% to 5% coupons. The 2012B bonds are due 2013 to 2019 with 2% to 4% coupons.
The full pricing details were not immediately available Tuesday evening.
Proceeds will be used to refund all or a portion of outstanding G.O. bonds and terminate certain interest rate swaps related to the refunded G.O.s, as well as to refund all or a portion of the county's series 2003A special G.O. school bonds.
| Issuer: | Shelby County, Tenn.
|
| Issue: | Series 2012 general obligation refunding bonds
|
| Amount: | $253,555,000
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Feb. 7
|
| Settlement date: | March 1
|
|
|
| $238,415,000 series 2012A G.O. refunding bonds
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 2%
|
| 2014 | Serial | 3%
|
| 2015 | Serial | 4%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 4%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 4%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 4%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 4%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 4%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 4%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
| 2026 | Serial | 5%
|
| 2027 | Serial | 5%
|
| 2028 | Serial | 3.5%
|
| 2028 | Serial | 5%
|
|
|
| $15.14 million series 2012B special G.O. school refunding bonds
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 2%
|
| 2014 | Serial | 3%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 4%
|
| 2017 | Serial | 4%
|
| 2018 | Serial | 4%
|
| 2019 | Serial | 4%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
