By Sheri Kasprzak
New York, July 27 - King County in Washington State priced $250 million in series 2009 sewer revenue bonds on Monday, according to a pricing wire released by a sellside source.
The full details were still being hammered out Monday afternoon.
The bonds (/AA+/) were sold through Barclays Capital Inc. The co-managers were Merrill Lynch & Co. Inc., Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC.
The bonds are due 2013 to 2034 with term bonds due 2039 and 2042. The coupons range from 4% to 5.25%.
Proceeds will be used to fund improvements to the county's sewer system.
The county seat of King County is Seattle.
Issuer: | King County, Wash.
|
Issue: | Series 2009 sewer revenue bonds
|
Amount: | $250 million
|
Type: | Negotiated
|
Underwriters: | Barclays Capital Inc. (lead); Merrill Lynch & Co., Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (co-managers)
|
Ratings: | Standard & Poor's: AA+
|
Pricing date: | July 27
|
Settlement date: | Aug. 12
|
|
Maturity | Type | Coupon Price
|
2013 | Serial | 4% | 107.844
|
2014 | Serial | 4% | 107.920
|
2015 | Serial | 4% | 107.617
|
2016 | Serial | 4% | 106.970
|
2017 | Serial | 4% | 106.102
|
2018 | Serial | 4% | 105.089
|
2019 | Serial | 4.25% | 105.953
|
2020 | Serial | 5%
|
2021 | Serial | 5%
|
2022 | Serial | 4% | 99.803
|
2023 | Serial | 5%
|
2024 | Serial | 5%
|
2025 | Serial | 5%
|
2026 | Serial | 5%
|
2027 | Serial | 5%
|
2028 | Serial | 5%
|
2029 | Serial | 5%
|
2030 | Serial | 5%
|
2031 | Serial | 5%
|
2032 | Serial | 5%
|
2033 | Serial | 5% | 99.313
|
2034 | Serial | 5% | 98.883
|
2039 | Term | 5% | 96.707
|
2042 | Term | 5.25% | 98.463
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.