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
|
|
Amount | Maturity | Type | Coupon | Price
|
$650,000 | 2015 | Serial | 2% | 104.176
|
$695,000 | 2016 | Serial | 4% | 112.429
|
$1,565,000 | 2017 | Serial | 3% | 110.401
|
$1,755,000 | 2018 | Serial | 3% | 111.138
|
$1.81 million | 2019 | Serial | 4% | 117.725
|
$1,885,000 | 2020 | Serial | 4% | 118.144
|
$1.96 million | 2021 | Serial | 4% | 118.197
|
$2,035,000 | 2022 | Serial | 4% | 115.485
|
$2.12 million | 2023 | Serial | 4% | 115.485
|
$2.2 million | 2024 | Serial | 4% | 112.762
|
$2.29 million | 2025 | Serial | 2.5% | 98.814
|
$2.35 million | 2026 | Serial | 4% | 111.015
|
$2.44 million | 2027 | Serial | 4% | 110.275
|
$2.54 million | 2028 | Serial | 4% | 109.623
|
$2.64 million | 2029 | Serial | 4% | 109.137
|
$2,745,000 | 2030 | Serial | 3.5% | 102.645
|
$2,845,000 | 2031 | Serial | 4% | 108.413
|
$2,955,000 | 2032 | Serial | 4% | 108.012
|
$3,075,000 | 2033 | Serial | 3% | 98.477
|
$13,445,000 | 2037 | Term | 4% | 105.803
|
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