By Sheri Kasprzak
New York, Sept. 16 - Cook County in Illinois priced $121.06 million in series 2010G general obligation refunding bonds, according to a term sheet.
The bonds (Aa2/AA/) were sold through Morgan Stanley & Co. Inc. and Rice Financial Products Co. The co-managers were Cabrera Capital Markets LLC, Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and William Blair & Co.
The bonds are due 2025 to 2026 with a term bond due 2028. The bonds all have 5% coupons, but the full pricing terms were not immediately available.
Proceeds will be used to refund some of the county's G.O. bonds
| Issuer: | Cook County, Ill.
|
| Issue: | Series 2010G general obligation bonds
|
| Amount: | $121.06 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. and Rice Financial Products Co. (lead); Cabrera Capital Markets LLC, Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and William Blair & Co. (co-managers)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Sept. 16
|
| Settlement date: | Oct. 15
|
|
|
| Maturity | Type | Coupon
|
| 2025 | Serial | 5%
|
| 2026 | Serial | 5%
|
| 2028 | Term | 5%
|
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