Published on 1/14/2015 in the Prospect News Municipals Daily.
New Issue: Oklahoma City Water Utilities sells $68.67 million of refunding bonds
By Sheri Kasprzak
New York, Jan. 14 – The Oklahoma City Water Utilities Trust of Oklahoma priced $68,665,000 of series 2015 water and sewer revenue refunding bonds, according to a pricing sheet.
The bonds are due 2018 to 2035 with term bonds due in 2039 and 2045. The serial coupons range from 3% to 5%. The 2039 bonds have a 4% coupon priced at 107.215, and the 2045 bonds have a 5% coupon priced at 119.842.
The bonds (Aa1/AAA/) were sold through BofA Merrill Lynch.
Proceeds will be used to refund existing water and sewer revenue bonds.
Issuer: | Oklahoma City Water Utilities Trust
|
Issue: | Series 2015 water and sewer revenue refunding bonds
|
Amount: | $68,665,000
|
Type: | Negotiated
|
Underwriter: | BofA Merrill Lynch
|
Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AAA
|
Pricing date: | Jan. 13
|
Settlement date: | Feb. 4
|
|
Amount | Maturity | Type | Coupon | Price
|
$1,235,000 | 2018 | Serial | 5% | 113.766
|
$1,295,000 | 2019 | Serial | 5% | 116.548
|
$1.36 million | 2020 | Serial | 5% | 119.146
|
$1.43 million | 2021 | Serial | 5% | 121.171
|
$1.5 million | 2022 | Serial | 5% | 122.721
|
$1,575,000 | 2023 | Serial | 5% | 124.511
|
$1,655,000 | 2024 | Serial | 5% | 126.197
|
$1,735,000 | 2025 | Serial | 5% | 127.845
|
$1,825,000 | 2026 | Serial | 5% | 126.237
|
$1,915,000 | 2027 | Serial | 5% | 125.389
|
$2.01 million | 2028 | Serial | 5% | 124.968
|
$2.11 million | 2029 | Serial | 5% | 124.235
|
$2,215,000 | 2030 | Serial | 5% | 123.714
|
$2.33 million | 2031 | Serial | 5% | 123.093
|
$2,395,000 | 2032 | Serial | 5% | 122.578
|
$2,515,000 | 2033 | Serial | 3% | 98.465
|
$2,595,000 | 2034 | Serial | 5% | 121.76
|
$2.72 million | 2035 | Serial | 5% | 121.353
|
$11,915,000 | 2039 | Term | 4% | 107.215
|
$22,335,000 | 2045 | Term | 5% | 119.842
|
|
© 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.