Published on 9/10/2012 in the Prospect News Municipals Daily.
New Issue: Forest Preserve District of Kane County, Ill., sells $72.32 million series 2012 G.O.s
By Sheri Kasprzak
New York, Sept. 10 - The Forest Preserve District of Kane County of Illinois priced $72,315,000 of series 2012 general obligation refunding bonds, said a pricing sheet.
The bonds were sold competitively with Bank of America Merrill Lynch winning the bid with a 0.650831% true interest cost.
The bonds are due 2013 to 2017 with 4% coupons.
Proceeds will be used to refund the district's series 2004 G.O. refunding bonds and series 2005 G.O. bonds.
| Issuer: | Forest Preserve District of Kane County, Ill.
|
| Issue: | Series 2012 general obligation refunding bonds
|
| Amount: | $72,315,000
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| TIC: | 0.650831%
|
| Pricing date: | Sept. 10
|
| Settlement date: | Oct. 2
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $14,115,000 | 2013 | Serial | 4% | 104.5
|
| $15,835,000 | 2014 | Serial | 4% | 107.794
|
| $16,295,000 | 2015 | Serial | 4% | 110.869
|
| $16,755,000 | 2016 | Serial | 4% | 113.776
|
| $9,315,000 | 2017 | Serial | 4% | 115.721
|
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