By Sheri Kasprzak
New York, Aug. 12 - The Elsinore Valley Municipal Water District in California priced $66.655 million in series 2008A certificates of participation, according to an official statement released Tuesday.
The certificates are due from 2020 to 2027 with a term bond due 2029.
The serials have coupons from 4.25% to 5% with yields from 4.42% to 4.93%. The 2029 bonds have a 5% coupon to yield 5.05%.
Stone & Youngberg was the lead manager for the negotiated sale.
Proceeds will be used to refund the district's outstanding series 2000A certificates of participation.
| Issuer: | Elsinore Valley Municipal Water District
|
| Issue: | Series 2008A certificates of participation
|
| Amount: | $66.655 million
|
| Type: | Negotiated
|
| Underwriter: | Stone & Youngberg
|
| Pricing date: | Aug. 6
|
| Settlement date: | Aug. 14
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2020 | Serial | 4.25% | 4.42%
|
| 2021 | Serial | 5% | 4.48%
|
| 2022 | Serial | 5% | 4.56%
|
| 2023 | Serial | 5% | 4.63%
|
| 2024 | Serial | 5% | 4.71%
|
| 2025 | Serial | 5% | 4.78%
|
| 2026 | Serial | 4.5% | 4.93%
|
| 2027 | Serial | 5% | 4.93%
|
| 2029 | Term | 5% | 5.05%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
