Published on 3/26/2013 in the Prospect News Municipals Daily.
New Issue: Gaston County, N.C., prices $58.86 million of G.O. refunding bonds
By Sheri Kasprzak
New York, March 26 - Gaston County, N.C., sold $58,855,000 of series 2013 general obligation refunding bonds on Tuesday, according to a pricing sheet. The deal was downsized from $68,195,000.
The bonds (Aa2) were sold competitively. The issuer did not immediately return calls for the winning bidder Tuesday afternoon.
The bonds are due 2014 to 2028 with 2% to 5% coupons.
Proceeds will be used to refund the county's series 2004 G.O. school bonds, series 2006 G.O. public improvement bonds and series 2007 community college G.O. bonds.
| Issuer: | Gaston County, N.C.
|
| Issue: | Series 2013 general obligation refunding bonds
|
| Amount: | $58,855,000
|
| Type: | Competitive
|
| Rating: | Moody's: Aa2
|
| Pricing date: | March 26
|
| Settlement date: | April 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $85,000 | 2014 | Serial | 2% | 101.44
|
| $495,000 | 2015 | Serial | 2% | 102.871
|
| $485,000 | 2016 | Serial | 3% | 106.741
|
| $670,000 | 2017 | Serial | 4% | 112.185
|
| $6,125,000 | 2018 | Serial | 5% | 118.722
|
| $6.18 million | 2019 | Serial | 5% | 120.547
|
| $5,725,000 | 2020 | Serial | 4% | 115.635
|
| $5.7 million | 2021 | Serial | 5% | 122.983
|
| $5.72 million | 2022 | Serial | 5% | 123.824
|
| $5.75 million | 2023 | Serial | 4% | 115.034
|
| $5,715,000 | 2024 | Serial | 4% | 114.613
|
| $5.68 million | 2025 | Serial | 4% | 114.002
|
| $5,455,000 | 2026 | Serial | 4% | 113.241
|
| $4,415,000 | 2027 | Serial | 5% | 124.104
|
| $655,000 | 2028 | Serial | 4% | 111.925
|
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