Published on 3/22/2016 in the Prospect News Municipals Daily.
New Issue: DeKalb County, Ga., prices $143.36 million G.O. refunding bonds
By Sheri Kasprzak
New York, March 22 – DeKalb County, Ga., sold $143,355,000 of series 2016 special transportation, parks and greenspace and libraries tax district general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa3) were sold through Citigroup Global Markets Inc. and Piper Jaffray & Co.
The bonds are due 2018 to 2030 with 3% to 5% coupons and yields from 0.98% to 2.79%.
Proceeds will be used to refund the county’s series 2006 G.O. bonds.
| Issuer: | DeKalb County, Ga.
|
| Issue: | Series 2016 special transportation, parks and greenspace and libraries tax district general obligation refunding bonds
|
| Amount: | $143,355,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Piper Jaffray & Co. (lead), Blaylock Beal Van LLC, BofA Merrill Lynch and Wells Fargo Securities LLC (co-managers)
|
| Rating: | Moody’s: Aa3
|
| Pricing date: | March 22
|
| Settlement date: | April 21
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3.7 million | 2018 | Serial | 3% | 105.194 | 0.98%
|
| $8.89 million | 2019 | Serial | 5% | 113.54 | 1.16%
|
| $9,335,000 | 2020 | Serial | 5% | 116.262 | 1.35%
|
| $9.8 million | 2021 | Serial | 5% | 118.411 | 1.56%
|
| $10,285,000 | 2022 | Serial | 5% | 120.343 | 1.73%
|
| $10.75 million | 2023 | Serial | 5% | 121.711 | 1.92%
|
| $11.27 million | 2024 | Serial | 5% | 123.176 | 2.05%
|
| $11.79 million | 2025 | Serial | 5% | 124.33 | 2.18%
|
| $12.36 million | 2026 | Serial | 5% | 125.291 | 2.30%
|
| $12,945,000 | 2027 | Serial | 5% | 124.332 | 2.39%
|
| $13,555,000 | 2028 | Serial | 3.25% | 105.326 | 2.67%
|
| $14.04 million | 2029 | Serial | 4% | 112.02 | 2.69%
|
| $14,635,000 | 2030 | Serial | 4% | 111.044 | 2.79%
|
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