By Sheri Kasprzak
New York, July 22 - The City and County of San Francisco priced $118.13 million in series 2008-R3 general obligation refunding bonds, said an official statement released Tuesday.
The bonds (Aa3/AA/AA-) were sold on a competitive basis July 15, but the winning bidder could not be determined by press time Tuesday.
The bonds are due from 2022 to 2030 with coupons from 4.625% to 5%. The yields range from 4.28% to 4.8%.
Proceeds will be used to refund the city's outstanding series 2005B, 2005C and 2005D general obligation bonds, which were sold for the Laguna Honda Hospital.
| Issuer: | City and County of San Francisco
|
| Issue: | Series 2008-R3 general obligation refunding bonds
|
| Amount: | $118.13 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Fitch: AA-
|
| Pricing date: | July 15
|
| Settlement date: | July 30
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2022 | Serial | 5% | 4.28%
|
| 2023 | Serial | 5% | 4.34%
|
| 2024 | Serial | 5% | 4.40%
|
| 2025 | Serial | 5% | 4.45%
|
| 2026 | Serial | 5% | 4.50%
|
| 2027 | Serial | 5% | 4.55%
|
| 2028 | Serial | 5% | 4.60%
|
| 2029 | Serial | 5% | 4.65%
|
| 2030 | Serial | 4.625% | 4.80%
|
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