By Sheri Kasprzak
New York, Nov. 1 - The Washington Suburban Sanitary District priced $300 million of series 2011 consolidated improvement bonds, according to a pricing sheet.
The bonds (Aaa) were sold competitively with Bank of America Merrill Lynch winning the bid, said John White, spokesman for the district. The true interest cost came in at 2.981%.
The bonds are due 2012 to 2031 with 3% to 5% coupons.
Proceeds will be used to construct and reconstruct water supply lines, water supply facilities, transmission mains, sewage disposal facilities, large collection mains and water/sewer pipes for subdivisions.
| Issuer: | Washington Suburban Sanitary District
|
| Issue: | Series 2011 consolidated improvement bonds
|
| Amount: | $300 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| True interest cost: | 2.981%
|
| Rating: | Moody's: Aaa
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $15 million | 2012 | Serial | 5% | 102.597
|
| $15 million | 2013 | Serial | 5% | 107.159
|
| $15 million | 2014 | Serial | 5% | 111.189
|
| $15 million | 2015 | Serial | 5% | 114.448
|
| $15 million | 2016 | Serial | 4% | 112.387
|
| $15 million | 2017 | Serial | 5% | 119.307
|
| $15 million | 2018 | Serial | 5% | 120.898
|
| $15 million | 2019 | Serial | 5% | 121.841
|
| $15 million | 2020 | Serial | 5% | 122.304
|
| $15 million | 2021 | Serial | 3% | 105.176
|
| $15 million | 2022 | Serial | 3% | 103.103
|
| $15 million | 2023 | Serial | 3% | 101.077
|
| $15 million | 2024 | Serial | 3% | 99.895
|
| $15 million | 2025 | Serial | 4% | 106.701
|
| $15 million | 2026 | Serial | 4% | 105.772
|
| $15 million | 2027 | Serial | 4% | 104.853
|
| $15 million | 2028 | Serial | 4% | 104.025
|
| $15 million | 2029 | Serial | 4% | 102.391
|
| $15 million | 2030 | Serial | 4% | 101.827
|
| $15 million | 2031 | Serial | 4% | 101.266
|
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