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Published on 1/24/2013 in the Prospect News Municipals Daily.

New Issue: Everett, Wash., prices $62.26 million series 2013 water and sewer bonds

By Sheri Kasprzak

New York, Jan. 24 - The City of Everett, Wash., sold $62.26 million of series 2013 water and sewer revenue refunding bonds, according to a pricing sheet.

The bonds (/AA+/) were sold competitively. The issuer did not respond to requests for the winning bidder by press time Thursday evening.

The bonds are due 2013 to 2030 with 2.25% to 5% coupons.

Proceeds will be used to advance refund the city's series 2003 and 2005 water and sewer revenue bonds.

Issuer:City of Everett, Wash.
Issue:Series 2013 water and sewer revenue refunding bonds
Amount:$62.26 million
Type:Competitive
Ratings:Standard & Poor's: AA+
Pricing date:Jan. 24
Settlement date:Feb. 15
AmountMaturityTypeCouponPrice
$1.33 million2013Serial3%102.18
$1,545,0002014Serial4%106.392
$1,595,0002015Serial5%112.292
$2,645,0002016Serial5%116.072
$2.75 million2017Serial5%119.455
$2,895,0002018Serial5%122.273
$3,035,0002019Serial5%124.352
$3.19 million2020Serial5%125.653
$3,345,0002021Serial5%127.128
$3,515,0002022Serial5%127.994
$3,685,0002023Serial5%126.162
$3,875,0002024Serial5%125.858
$4.07 million2025Serial2.25%97.813
$4.27 million2026Serial2.25%96.754
$4.44 million2027Serial4%112.96
$5.15 million2028Serial4%112.036
$5,355,0002029Serial3.5%106.577
$5.57 million2030Serial3.5%106.046

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