Published on 5/7/2013 in the Prospect News Municipals Daily.
New Issue: Orange County Water District, Calif., sells $53 million revenue bonds
By Sheri Kasprzak
New York, May 7 - The Orange County Water District of California priced $53 million of series 2013A refunding revenue bonds, according to a pricing sheet.
The bonds (Aa1/AAA/AAA) were sold through Citigroup Global Markets Inc.
The bonds are due 2025 to 2033 with 4% to 5% coupons.
Proceeds will be used to refund the district's series 2003B certificates.
Issuer: | Orange County Water District
|
Issue: | Series 2013A refunding revenue bonds
|
Amount: | $53 million
|
Type: | Negotiated
|
Underwriter: | Citigroup Global Markets Inc. (lead)
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
Pricing date: | May 2
|
Settlement date: | June 4
|
|
Amount | Maturity | Type | Coupon | Price
|
$3,025,000 | 2025 | Serial | 5% | 127.018
|
$3.18 million | 2026 | Serial | 5% | 125.552
|
$1.5 million | 2027 | Serial | 4% | 111.423
|
$1,795,000 | 2027 | Serial | 5% | 124.003
|
$3.46 million | 2029 | Serial | 5% | 122.477
|
$12,415,000 | 2030 | Serial | 5% | 121.873
|
$13.05 million | 2031 | Serial | 5% | 121.272
|
$675,000 | 2032 | Serial | 5% | 120.775
|
$13.9 million | 2033 | Serial | 5% | 120.279
|
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