New Issue: Kansas City, Mo., brings to market $54.37 million of water revenue debt

By Sheri Kasprzak

New York, May 8 - The City of Kansas City, Mo., sold $54,365,000 of series 2014A water revenue bonds, according to a pricing sheet.

The bonds (Aa2/AA+/) were sold competitively.

The bonds are due 2015 to 2036 with a term bond due in 2038. The serial coupons range from 2% to 5%. The 2038 bonds have a 4% coupon priced at 102.469.

Proceeds will be used to finance additions, extensions and improvements to the city's water system.

Issuer:	City of Kansas City, Mo.
Issue:	Series 2014A water revenue bonds
Amount:	$54,365,000
Type:	Competitive
Ratings:	Moody's: Aa2
	Standard & Poor's: AA+
Pricing date:	May 8
Settlement date:	May 22
Amount	Maturity	Type	Coupon	Price
$1.18 million	2015	Serial	2%	102.661
$1.21 million	2016	Serial	2%	103.887
$1,695,000	2017	Serial	2%	104.34
$1,635,000	2018	Serial	2%	103.962
$1,685,000	2019	Serial	3%	108.256
$1,735,000	2020	Serial	3%	107.675
$1.79 million	2021	Serial	3%	107.315
$1.86 million	2022	Serial	4%	114.507
$1,935,000	2023	Serial	5%	123.072
$2.01 million	2024	Serial	3%	104.3
$2,095,000	2025	Serial	3%	103.269
$2,155,000	2026	Serial	3%	102.25
$2,245,000	2027	Serial	4%	109.971
$2,335,000	2028	Serial	4%	109.445
$2.41 million	2029	Serial	3%	98.896
$2,505,000	2030	Serial	3.125%	99.424
$2,605,000	2031	Serial	3.5%	101.213
$2.7 million	2032	Serial	3.5%	100.563
$2,805,000	2033	Serial	3.75%	102.009
$2.92 million	2034	Serial	3.75%	101.522
$3,025,000	2035	Serial	3.75%	101.038
$3.15 million	2036	Serial	3.5%	98.617
$6.68 million	2038	Term	4%	102.469

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