Published on 7/8/2015 in the Prospect News Municipals Daily.
New Issue: Clark County Water Reclamation, Nev., prices $100.06 million G.O. bonds
By Sheri Kasprzak
New York, July 8 – The Clark County Water Reclamation District of Nevada sold $100,055,000 of series 2015 limited tax water reclamation general obligation bonds, according to a pricing sheet. The deal was upsized from $97,795,000.
The bonds (Aa1/AAA/) were sold competitively. The issuer did not immediately respond to requests for the winning bidder Wednesday.
The bonds are due 2019 to 2038 with 3.25% to 5% coupons.
Proceeds will be used to advance refund the district’s series 2008 general obligation bonds.
| Issuer: | Clark County Water Reclamation District, Nev.
|
| Issue: | Series 2015 limited tax water reclamation general obligation bonds
|
| Amount: | $100,055,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AAA
|
| Pricing date: | July 8
|
| Settlement date: | Aug. 4
|
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|
| Amount | Maturity | Type | Coupon | Price
|
| $3.57 million | 2019 | Serial | 5% | 114.424
|
| $3,665,000 | 2020 | Serial | 5% | 116.862
|
| $3,775,000 | 2021 | Serial | 5% | 118.351
|
| $3,885,000 | 2022 | Serial | 5% | 119.337
|
| $4.05 million | 2023 | Serial | 5% | 120.543
|
| $4,215,000 | 2024 | Serial | 5% | 121.455
|
| $4.39 million | 2025 | Serial | 5% | 122.114
|
| $4.61 million | 2026 | Serial | 5% | 120.842
|
| $4,845,000 | 2027 | Serial | 5% | 119.683
|
| $5,085,000 | 2028 | Serial | 3.25% | 99.476
|
| $5.34 million | 2029 | Serial | 3.375% | 99.175
|
| $5,605,000 | 2030 | Serial | 3.5% | 99.423
|
| $5,895,000 | 2031 | Serial | 5% | 116.75
|
| $6,185,000 | 2032 | Serial | 5% | 116.285
|
| $5,185,000 | 2033 | Serial | 4% | 103.983
|
| $5,425,000 | 2034 | Serial | 4% | 103.644
|
| $5,675,000 | 2035 | Serial | 4% | 103.306
|
| $5.94 million | 2036 | Serial | 4% | 102.55
|
| $6,215,000 | 2037 | Serial | 4% | 102.216
|
| $6.5 million | 2038 | Serial | 4% | 101.884
|
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