New Issue: Wayne County, Mich., prices $188 million of G.O. limited tax notes

By Sheri Kasprzak

New York, June 25 – Wayne County, Mich., sold $187,995,000 of series 2015 general obligation limited tax notes, said a pricing sheet.

The notes (/SP-1/) were sold through BofA Merrill Lynch.

The notes are due Dec. 1, 2017, have a 5.75% coupon and priced at 99.438 to yield 6%.

Proceeds will be used to pay in whole or part a delinquent tax revolving fund.

Issuer:	Wayne County, Mich.
Issue:	Series 2015 general obligation limited tax notes
Amount:	$187,995,000
Maturity:	Dec. 1, 2017
Coupon:	5.75%
Price:	99.438
Yield:	6%
Type:	Negotiated
Underwriter:	BofA Merrill Lynch
Rating:	Standard & Poor’s: SP-1
Pricing date:	June 25
Settlement date:	June 30

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