New Issue: Cobb County, Ga., sells $66.31 million water, sewerage refunding bonds

By Sheri Kasprzak

New York, Aug. 21 - Cobb County, Ga., sold $66,305,000 of series 2013 water and sewerage refunding revenue bonds, according to a pricing sheet.

The bonds (Aaa/AAA/AAA) were sold competitively. Wells Fargo Bank, NA won the bid for the bonds at a 2.172381% true interest cost, said Jim Pehrson, director of finance for the county.

The bonds are due July 1, 2023 and have a 2.15% coupon priced at par.

Proceeds will be used to refund the county's series 2003 water and sewerage revenue bonds.

Issuer:	Cobb County, Ga.
Issue:	Series 2013 water and sewerage refunding revenue bonds
Amount:	$66,305,000
Maturity:	July 1, 2023
Coupon:	2.15%
Price:	100
Type:	Competitive
Underwriter:	Wells Fargo Bank, NA (winner)
True interest cost:	2.172381%
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA
Pricing date:	Aug. 20
Settlement date:	Sept. 12

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