Published on 5/24/2012 in the Prospect News Municipals Daily.
New Issue: New York Local Government Assistance prices $86.85 million of refunding bonds
By Sheri Kasprzak
New York, May 24 - The New York Local Government Assistance Corp. sold $86,845,000 of series 2012A subordinate-lien refunding bonds, said a pricing sheet.
The bonds were sold competitively. The issuer did not immediately return calls for the winning bidder.
The bonds are due 2013 to 2025 with 2% to 5% coupons.
Proceeds will be used to redeem the corporation's series 1995C and 1995E bonds.
| Issuer: | New York Local Government Assistance Corp.
|
| Issue: | Series 2012A subordinate-lien refunding bonds
|
| Amount: | $86,845,000
|
| Type: | Competitive
|
| Pricing date: | May 24
|
| Settlement date: | June 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,265,000 | 2013 | Serial | 2% | 101.506
|
| $5,205,000 | 2014 | Serial | 5% | 108.432
|
| $5,465,000 | 2015 | Serial | 5% | 112.522
|
| $5,735,000 | 2016 | Serial | 5% | 116.4
|
| $6,025,000 | 2017 | Serial | 5% | 119.505
|
| $6,325,000 | 2018 | Serial | 5% | 121.659
|
| $6.64 million | 2019 | Serial | 5% | 123.6
|
| $6,975,000 | 2020 | Serial | 5% | 124.686
|
| $7.32 million | 2021 | Serial | 5% | 125.559
|
| $7.69 million | 2022 | Serial | 5% | 126.555
|
| $8,075,000 | 2023 | Serial | 4% | 115.548
|
| $8,395,000 | 2024 | Serial | 4% | 113.844
|
| $8.73 million | 2025 | Serial | 3% | 102.399
|
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