New Issue: Waterford, Conn., prices $65.35 million of G.O. bonds and G.O. BANs

By Sheri Kasprzak

New York, Aug. 2 - The Town of Waterford, Conn., sold $65.35 million of series 2011 general obligation bonds and G.O. bond anticipation notes, according to a pricing sheet.

The offering included $51.35 million of series 2011 G.O. BANs and $14 million of series 2011 G.O. bonds.

The BANs are due March 20, 2012 and have a 1% coupon priced at 100.492. The G.O. bonds are due 2012 to 2030 with 2% to 4% coupons.

The bonds (Aa2/AA) and notes (MIG 1/SP-1+) were sold competitively.

Proceeds will be used to retire the town's bond anticipation notes maturing on Aug. 11, 2011.

Issuer:	Town of Waterford, Conn.
Issue:	Series 2011 general obligation bonds and G.O. bond anticipation notes
Amount:	$65.35 million
Type:	Competitive
Ratings:	Moody's: Aa2/MIG 1
	Standard & Poor's: AA/SP-1+
Pricing date:	Aug. 2
Settlement date:	Aug. 11
$51.35 million series 2011 G.O. BANs
Maturity	Type	Coupon	Price
March 20, 2012	Term	1%	100.492
$14 million series 2011 G.O. bonds
Maturity	Type	Coupon	Price
2012	Serial	4%	103.688
2013	Serial	4%	107.064
2014	Serial	2%	103.967
2015	Serial	2%	104.482
2016	Serial	4%	113.475
2017	Serial	2%	102.269
2018	Serial	2%	100
2019	Serial	4%	112.317
2020	Serial	2.5%	99.6
2021	Serial	3%	NRO
2022	Serial	3%	NRO
2023	Serial	3.125%	100
2024	Serial	3.25%	100
2025	Serial	3.375%	99.173
2026	Serial	3.5%	99.422
2027	Serial	3.625%	99.698
2028	Serial	3.75%	100
2029	Serial	4%	NRO
2030	Serial	4%	NRO

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