Published on 1/18/2012 in the Prospect News Municipals Daily.
New Issue: Greenwich, Conn., sells $56.5 million G.O. bonds and G.O. BANs
By Sheri Kasprzak
New York, Jan. 18 - The Town of Greenwich, Conn., sold $56.5 million of series 2012 general obligation bonds and G.O. bond anticipation notes, according to a term sheet.
The deal included $16.5 million of series 2012 G.O. bonds and $40 million of series 2012 G.O. bond anticipation notes.
The bonds were sold competitively. Calls to the issuer for the winning bidders were not returned by press time Wednesday evening.
The 2012 G.O. bonds are due 2013 to 2032 with 2% to 3% coupons. The 2012 G.O. BANs are due Jan. 24, 2013 and have a 1.5% coupon priced at 101.371.
Proceeds will fund capital improvements within the town and refund a portion of the town's G.O. bond anticipation notes.
| Issuer: | Town of Greenwich, Conn.
|
| Issue: | Series 2012 general obligation bonds and G.O. bond anticipation notes
|
| Amount: | $56.5 million
|
| Type: | Competitive
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 26
|
|
|
| $16.5 million series 2012 G.O. bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,565,000 | 2013 | Serial | 2% | 101.791
|
| $2,565,000 | 2014 | Serial | 3% | 105.399
|
| $2,565,000 | 2015 | Serial | 3% | 107.513
|
| $2,565,000 | 2016 | Serial | 3% | 109.4
|
| $2,565,000 | 2017 | Serial | 3% | 111.213
|
| $245,000 | 2018 | Serial | 2% | 106.379
|
| $245,000 | 2019 | Serial | 2% | 106.022
|
| $245,000 | 2020 | Serial | 2% | 105.282
|
| $245,000 | 2021 | Serial | 2% | 104.181
|
| $245,000 | 2022 | Serial | 2% | 103.205
|
| $245,000 | 2023 | Serial | 2% | 101.982
|
| $245,000 | 2024 | Serial | 2% | 100
|
| $245,000 | 2025 | Serial | 2% | 98.869
|
| $245,000 | 2026 | Serial | 2.125% | 98.508
|
| $245,000 | 2027 | Serial | 2.25% | 98.743
|
| $245,000 | 2028 | Serial | 2.375% | 99.013
|
| $245,000 | 2029 | Serial | 2.5% | 99.314
|
| $245,000 | 2030 | Serial | 2.625% | 99.643
|
| $245,000 | 2031 | Serial | 3% | 103.675
|
| $245,000 | 2032 | Serial | 3% | 102.271
|
|
|
| $40 million series 2012 G.O. bond anticipation notes
|
| Maturity | Type | Coupon | Price
|
| Jan. 24, 2013 | Term | 1.5% | 101.371
|
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