Published on 1/30/2013 in the Prospect News Municipals Daily.
New Issue: Palm Beach County, Fla., prices $72.48 million of water and sewer refunding bonds
By Sheri Kasprzak
New York, Jan. 30 - Palm Beach County, Fla., sold $72.48 million of series 2013 water and sewer revenue refunding bonds, said a pricing sheet.
The bonds are due 2018 to 2033 with 4% to 5% coupons.
The bonds (Aaa/AAA/AAA) were sold through J.P. Morgan Securities LLC.
Proceeds will be used to refund a portion of the county's series 2006A water and sewer revenue bonds.
Issuer: | Palm Beach County, Fla.
|
Issue: | Series 2013 water and sewer revenue refunding bonds
|
Amount: | $72.48 million
|
Type: | Negotiated
|
Underwriter: | J.P. Morgan Securities LLC
|
Rating: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
Pricing date: | Jan. 30
|
Settlement date: | Feb. 27
|
|
Amount | Maturity | Type | Coupon | Price
|
$3,145,000 | 2018 | Serial | 4% | 116.519
|
$3,285,000 | 2019 | Serial | 5% | 123.451
|
$3,445,000 | 2020 | Serial | 5% | 124.707
|
$3,605,000 | 2021 | Serial | 4% | 117.879
|
$3,745,000 | 2022 | Serial | 4% | 118.049
|
$3.9 million | 2023 | Serial | 4.5% | 123.008
|
$4.09 million | 2024 | Serial | 5% | 126.763
|
$4,295,000 | 2025 | Serial | 5% | 125.684
|
$4,505,000 | 2026 | Serial | 5% | 124.936
|
$4,725,000 | 2027 | Serial | 5% | 124.298
|
$4,965,000 | 2028 | Serial | 5% | 123.56
|
$5,205,000 | 2029 | Serial | 5% | 122.931
|
$5,465,000 | 2030 | Serial | 5% | 122.305
|
$5,735,000 | 2031 | Serial | 5% | 121.787
|
$6,035,000 | 2032 | Serial | 5% | 121.272
|
$6,335,000 | 2033 | Serial | 5% | 120.759
|
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