Published on 4/23/2014 in the Prospect News Municipals Daily.
New Issue: Lexington-Fayette Urban County, Ky., sells $55.93 million of G.O. bonds
By Sheri Kasprzak
New York, April 23 - The Lexington-Fayette Urban County Government of Kentucky sold $55,925,000 of series 2014A various purpose general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa2/AA/) were sold competitively. The issuer did not immediately respond to requests for the winning bidder Wednesday.
The bonds are due 2014 to 2030 with 3% to 5% coupons and 0.15% to 3.34% yields.
Proceeds will be used to refund the government's series 2010A public project Build America Bonds.
| Issuer: | Lexington-Fayette Urban County Government
|
| Issue: | Series 2014A various purpose general obligation refunding bonds
|
| Amount: | $55,925,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | April 23
|
| Settlement date: | May 1
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3.55 million | 2014 | Serial | 5% | 101.615 | 0.15%
|
| $3,525,000 | 2015 | Serial | 5% | 106.318 | 0.25%
|
| $2,325,000 | 2016 | Serial | 5% | 110.474 | 0.48%
|
| $2,445,000 | 2017 | Serial | 5% | 113.928 | 0.76%
|
| $2.56 million | 2018 | Serial | 5% | 116.688 | 1.05%
|
| $2,685,000 | 2019 | Serial | 5% | 118.549 | 1.38%
|
| $2.82 million | 2020 | Serial | 5% | 119.666 | 1.71%
|
| $2.96 million | 2021 | Serial | 5% | 120.365 | 2%
|
| $3.11 million | 2022 | Serial | 5% | 121.125 | 2.21%
|
| $3.27 million | 2023 | Serial | 5% | 121.808 | 2.38%
|
| $3,435,000 | 2024 | Serial | 5% | 122.434 | 2.52%
|
| $3,575,000 | 2025 | Serial | 3% | 103.052 | 2.66%
|
| $3,685,000 | 2026 | Serial | 3% | 101.961 | 2.78%
|
| $3.8 million | 2027 | Serial | 3% | 100 | 3%
|
| $3.91 million | 2028 | Serial | 3% | 98.847 | 3.1%
|
| $4.05 million | 2029 | Serial | 4% | 106.444 | 3.26%
|
| $4.22 million | 2030 | Serial | 4% | 105.723 | 3.34%
|
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