By Sheri Kasprzak
New York, Sept. 15 - Columbia County in Georgia sold $60.73 million in a slightly upsized offering of series 2010 water and sewerage revenue bonds on Wednesday, according to a term sheet. The county had planned to sell $57.585 million.
The bonds (Aa2/AA+/AA+) were sold through Jefferies & Co.
The bonds are due 2011 and 2017 to 2030 with term bonds due 2033 and 2035. Coupons range from 2% to 5%. The 2011 bonds have a 2% coupon priced at 101.048. The 2033 bonds have a 4.5% coupon priced at 103.323, and the 2035 bonds have a 4% coupon priced at 96.791.
Proceeds will be used to finance water and sewerage system improvements, as well as to refund the county's series 1996A and 2000 bonds.
The Columbia County seat is Appling, Ga.
| Issuer: | Columbia County, Ga.
|
| Issue: | Series 2010 water and sewerage revenue bonds
|
| Amount: | $60.73 million
|
| Type: | Negotiated
|
| Underwriter: | Jefferies & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 30
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Term | 2% | 101.048
|
| 2017 | Serial | 4% | 112.294
|
| 2018 | Serial | 4% | 112.186
|
| 2019 | Serial | 5% | 119.546
|
| 2020 | Serial | 4% | 111.446
|
| 2021 | Serial | 5% | 118.426
|
| 2022 | Serial | 5% | 117.316
|
| 2023 | Serial | 5% | 116.583
|
| 2024 | Serial | 5% | 116.037
|
| 2025 | Serial | 5% | 115.403
|
| 2026 | Serial | 5% | 114.684
|
| 2027 | Serial | 4% | 102.089
|
| 2028 | Serial | 4% | 101.358
|
| 2029 | Serial | 4% | 100.554
|
| 2030 | Serial | 4% | 99.59
|
| 2033 | Term | 4.5% | 103.323
|
| 2035 | Term | 4% | 96.791
|
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