Published on 1/20/2012 in the Prospect News Municipals Daily.
New Issue: Village Community Development District No. 9, Fla., sells $53.77 million of bonds
By Sheri Kasprzak
New York, Jan. 20 - The Village Community Development District No. 9 of Florida sold $53.77 million of series 2012 special assessment revenue bonds, according to a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc.
The bonds are due May 1, 2022, May 1, 2031 and May 1, 2042.
The 2022 bonds have a 5% coupon priced at par. The 2031 bonds have a 5.25% coupon priced at par, and the 2042 bonds have a 5.5% coupon priced at par.
Proceeds will be used to construct, acquire, renovate and furnish a retirement community in Wildwood, Fla., called The Villages.
| Issuer: | Village Community Development District No. 9
|
| Issue: | Series 2012 special assessment revenue bonds
|
| Amount: | $53.77 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Pricing date: | Jan. 19
|
| Settlement date: | Feb. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $9,695,000 | May 1, 2022 | Term | 5% | 100
|
| $14.18 million | May 1, 2031 | Term | 5.25% | 100
|
| $29,895,000 | May 1, 2042 | Term | 5.5% | 100
|
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