By Sheri Kasprzak
New York, Feb. 6 - The Suffolk County Water Authority of New York priced $62.38 million of series 2013 water system revenue refunding bonds, according to a pricing sheet.
The bonds (/AA+/AAA) were sold competitively. The issuer did not immediately return calls for the winning bidder.
The bonds are due 2027 to 2029 with 3% to 4% coupons.
Proceeds will be used to refund the authority's series 2005C revenue bonds.
| Issuer: | Suffolk County Water Authority, N.Y.
|
| Issue: | Series 2013 water system revenue refunding bonds
|
| Amount: | $62.38 million
|
| Type: | Competitive
|
| Ratings: | Standard & Poor's: AA+
|
| Fitch: AAA
|
| Pricing date: | Feb. 5
|
| Settlement date: | March 5
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.27 million | 2027 | Serial | 3% | 102.936
|
| $28.71 million | 2028 | Serial | 3% | 101.767
|
| $23.4 million | 2029 | Serial | 4% | 113.183
|
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