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Published on 2/28/2013 in the Prospect News Municipals Daily.

New Issue: Kansas City, Mo., prices $54 million of water revenue bonds

By Sheri Kasprzak

New York, Feb. 28 - Kansas City, Mo., sold $54 million of series 2013A water revenue bonds, according to a pricing sheet.

The bonds (Aa2) were sold through Barclays.

The bonds are due 2015 to 2033 with a term bond due in 2037. The serial coupons range from 2% to 4%. The 2037 bonds have a 4% coupon priced at 105.803.

Proceeds will be used to finance extensions and improvements to enterprise operations.

Issuer:Kansas City, Mo.
Issue:Series 2013A water revenue bonds
Amount:$54 million
Type:Negotiated
Underwriter:Barclays
Rating:Moody's: Aa2
Pricing date:Feb. 28
Settlement date:March 14
AmountMaturityTypeCouponPrice
$650,0002015Serial2%104.176
$695,0002016Serial4%112.429
$1,565,0002017Serial3%110.401
$1,755,0002018Serial3%111.138
$1.81 million2019Serial4%117.725
$1,885,0002020Serial4%118.144
$1.96 million2021Serial4%118.197
$2,035,0002022Serial4%115.485
$2.12 million2023Serial4%115.485
$2.2 million2024Serial4%112.762
$2.29 million2025Serial2.5%98.814
$2.35 million2026Serial4%111.015
$2.44 million2027Serial4%110.275
$2.54 million2028Serial4%109.623
$2.64 million2029Serial4%109.137
$2,745,0002030Serial3.5%102.645
$2,845,0002031Serial4%108.413
$2,955,0002032Serial4%108.012
$3,075,0002033Serial3%98.477
$13,445,0002037Term4%105.803

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