Published on 10/14/2015 in the Prospect News Municipals Daily.
New Issue: Washington Suburban Sanitary District, Md., brings $390 million bonds
By Sheri Kasprzak
New York, Oct. 14 – The Washington Suburban Sanitary District of Maryland hit the market Wednesday with $390 million of series 2015 consolidated public improvement bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively.
The bonds are due 2016 to 2045 with 0.18% to 3.54% yields. The coupons were not immediately available Wednesday.
Proceeds will be used to fund construction or reconstruction of water supply facilities, water supply lines and transmission mains, sewage disposal facilities, water supply lines and sewer collection mains.
| Issuer: | Washington Suburban Sanitary District
|
| Issue: | Series 2015 consolidated public improvement bonds
|
| Amount: | $390 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 28
|
|
|
| Amount | Maturity | Type | Price | Yield
|
| $6.1 million | 2016 | Serial | 102.848 | 0.18%
|
| $7.08 million | 2017 | Serial | 107.174 | 0.47%
|
| $7.29 million | 2018 | Serial | 110.996 | 0.71%
|
| $7,585,000 | 2019 | Serial | 114.342 | 0.93%
|
| $7,885,000 | 2020 | Serial | 117.072 | 1.17%
|
| $8.2 million | 2021 | Serial | 119.474 | 1.37%
|
| $8.61 million | 2022 | Serial | 121.467 | 1.56%
|
| $9.04 million | 2023 | Serial | 122.61 | 1.80%
|
| $9,495,000 | 2024 | Serial | 124.196 | 1.93%
|
| $9.97 million | 2025 | Serial | 107.447 | 2.05%
|
| $10.37 million | 2026 | Serial | 106.311 | 2.19%
|
| $10,785,000 | 2027 | Serial | 104.631 | 2.40%
|
| $11,215,000 | 2028 | Serial | 102.982 | 2.61%
|
| $11.66 million | 2029 | Serial | 101.439 | 2.81%
|
| $12.13 million | 2030 | Serial | 102.994 | 3.10%
|
| $12,615,000 | 2031 | Serial | 107.6 | 2.99%
|
| $13.12 million | 2032 | Serial | 106.896 | 3.08%
|
| $13,645,000 | 2033 | Serial | 106.352 | 3.15%
|
| $14.19 million | 2034 | Serial | 106.12 | 3.18%
|
| $14,755,000 | 2035 | Serial | 105.734 | 3.23%
|
| $15,345,000 | 2036 | Serial | 105.35 | 3.28%
|
| $15.96 million | 2037 | Serial | 105.044 | 3.32%
|
| $16.6 million | 2038 | Serial | 104.739 | 3.36%
|
| $17,265,000 | 2039 | Serial | 104.511 | 3.39%
|
| $17,955,000 | 2040 | Serial | 104.283 | 3.42%
|
| $18.67 million | 2041 | Serial | 104.056 | 3.45%
|
| $19.42 million | 2042 | Serial | 103.83 | 3.48%
|
| $20,195,000 | 2043 | Serial | 103.679 | 3.50%
|
| $21,005,000 | 2044 | Serial | 103.529 | 3.52%
|
| $21,845,000 | 2045 | Serial | 103.379 | 3.54%
|
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