By Sheri Kasprzak
New York, Oct. 28 - DuPage County in Illinois sold $67.05 million in series 2010 taxable general obligation bonds on Thursday, according to a pricing sheet.
The deal included $8.115 million in series 2010A bonds and $58.935 million in series 2010B bonds.
The 2010A bonds are due 2022 to 2023 with 4.197% to 4.297% coupons, priced at par. The 2010B bonds are due 2023 to 2025 with term bonds due 2029 and 2035 with 4.297% to 4.647% serial coupons. The 2029 bonds have a 5.702% coupon priced at par, and the 2035 bonds have a 5.852% coupon priced at par.
The bonds (Aaa/AAA/) were sold through Wells Fargo Bank, NA. The co-managers were Bernardi Securities Inc., BMO Capital Markets and Cabrera Capital Markets LLC.
The proceeds will be used to construct, acquire and improve flood prevention projects, administrative buildings, the county jail and courthouse, transportation projects and the county's convalescent center.
| Issuer: | DuPage County
|
| Issue: | Series 2010 taxable general obligation bonds
|
| Amount: | $67.05 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Bank, NA (lead), Bernardi Securities Inc., BMO Capital Markets and Cabrera Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 3
|
|
|
| $8.115 million series 2010A
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.475 million | 2022 | Serial | 4.197% | 100
|
| $3.64 million | 2023 | Serial | 4.297% | 100
|
|
|
| $58.935 million series 2010B
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.03 million | 2023 | Serial | 4.297% | 100
|
| $4.88 million | 2024 | Serial | 4.447% | 100
|
| $5.105 million | 2025 | Serial | 4.647% | 100
|
| $23.47 million | 2029 | Term | 5.702% | 100
|
| $24.45 million | 2035 | Term | 5.852% | 100
|
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