By Sheri Kasprzak
New York, Sept. 22 - The Washington Suburban Sanitary District of Maryland sold $180 million in series 2009 consolidated public improvement bonds Tuesday, according to a pricing sheet.
The bonds were sold on a competitive basis with Wachovia Bank NA winning the bid. The true interest costs came in at 2.04% and 4.86%.
The sale included $90 million in series 2009A bonds and $90 million in series 2009B Build America Bonds.
The 2009A bonds are due 2010 to 2019 with coupons from 3% to 5%. The 2009A true interest cost came in at 2.04%.The 2009B bonds are due 2020 to 2029 with coupons from 4.35% to 5%. The 2009B BABs have a TIC of 4.86%.
Proceeds will be used to construct and reconstruct water supply facilities within the district, as well as to replace short-term debt.
The district is based n Laurel, Md.
| Issuer: | Washington Suburban Sanitary District
|
| Issue: | Series 2009 consolidated public improvement bonds
|
| Amount: | $180 million
|
| Type: | Competitive
|
| Underwriter: | Wachovia Bank NA
|
| TIC: | 2.04% (2009A); 4.86% (2009B)
|
| Pricing date: | Sept. 22
|
| Settlement date: | Oct. 8
|
|
|
| Series 2009A
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 3% | 101.731
|
| 2011 | Serial | 4% | 105.598
|
| 2012 | Serial | 4% | 108.036
|
| 2013 | Serial | 4% | 109.924
|
| 2014 | Serial | 4% | 111.085
|
| 2015 | Serial | 4% | 111.932
|
| 2016 | Serial | 4% | 112.256
|
| 2017 | Serial | 5% | 118.986
|
| 2018 | Serial | 4% | 112.010
|
| 2019 | Serial | 4% | 111.875
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Price
|
| 2020 | Serial | 4.35% | 100.000
|
| 2021 | Serial | 4.4% | 100.000
|
| 2022 | Serial | 4.5% | 100.000
|
| 2023 | Serial | 4.65% | 100.000
|
| 2024 | Serial | 4.7% | 99.785
|
| 2025 | Serial | 4.8% | 99.776
|
| 2026 | Serial | 4.9% | 99.768
|
| 2027 | Serial | 5% | 100.000
|
| 2028 | Serial | 5% | 99.394
|
| 2029 | Serial | 5% | 98.762
|
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