By Cristal Cody
Tupelo, Miss., Oct. 31- The Clark County Water Reclamation District in Nevada sold $100 million in general obligation bonds with a 5.624% true interest cost, a market source said Friday.
The series 2008 water reclamation bonds priced with 4% to 6% coupons to yield 3.7% to 5.8%.
The bonds (Aa2/AAA/) have serial maturities from 2013 through 2028 and terms due in 2032 and 2038.
Robert W. Baird & Co. was the winning bidder in the competitive sale.
The proceeds will be used to construct, reconstruct, improve and extend the district's sanitary sewer system.
| Issuer: | Clark County Water Reclamation District (Nevada)
|
| Issue: | General obligation bonds
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| Amount: | $100 million
|
| Type: | Competitive
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| True interest cost: | 5.624%
|
| Coupons: | 4%-6%
|
| Yields: | 3.7%-5.8%
|
| Maturities: | 2013-2028 serials; terms due 2032, 2038
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| Underwriter: | Robert W. Baird & Co.
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| Ratings: | Moody's: Aa2
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| Standard & Poor's: AAA
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| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 20
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