Published on 10/17/2012 in the Prospect News Municipals Daily.
New Issue: Westchester County, N.Y., prices $69.84 million of G.O. bonds
By Sheri Kasprzak
New York, Oct. 17 - Westchester County, N.Y., priced $69.84 million of series 2012 general obligation bonds, said a pricing sheet.
The deal included $55.41 million of series 2012B limited tax G.O. bonds and $14,425,000 of series 2012C limited tax G.O. bonds.
The 2012B bonds are due 2014 to 2026 with 2% to 5% coupons. The 2012C bonds are due 2014 to 2030 with coupons from 2% to 4%.
The bonds (Aaa//AAA) were sold competitively. The issuer did not return calls for the winning bidder by press time.
Proceeds will be used to finance various capital improvement projects.
| Issuer: | Westchester County, N.Y.
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $69,835,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 31
|
|
|
| $55.41 million series 2012B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.39 million | 2014 | Serial | 3% | 104.623
|
| $3.49 million | 2015 | Serial | 4% | 109.89
|
| $3.63 million | 2016 | Serial | 4% | 113.159
|
| $3,775,000 | 2017 | Serial | 4% | 115.938
|
| $3,925,000 | 2018 | Serial | 4% | 118.057
|
| $4.08 million | 2019 | Serial | 4% | 119.354
|
| $4,245,000 | 2020 | Serial | 4% | 120.091
|
| $4,415,000 | 2021 | Serial | 4% | 120.287
|
| $4.59 million | 2022 | Serial | 5% | 129.354
|
| $4.82 million | 2023 | Serial | 2% | 100.879
|
| $4.92 million | 2024 | Serial | 2% | 100
|
| $5,015,000 | 2025 | Serial | 2% | 98.89
|
| $5,115,000 | 2026 | Serial | 2.125% | 99.116
|
|
|
| $14,425,000 series 2012C bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $695,000 | 2014 | Serial | 2% | 102.942
|
| $705,000 | 2015 | Serial | 2% | 104.544
|
| $720,000 | 2016 | Serial | 2% | 105.848
|
| $735,000 | 2017 | Serial | 3% | 111.318
|
| $755,000 | 2018 | Serial | 3% | 112.62
|
| $780,000 | 2019 | Serial | 4% | 119.354
|
| $810,000 | 2020 | Serial | 2% | 105.404
|
| $830,000 | 2021 | Serial | 3% | 112.085
|
| $850,000 | 2022 | Serial | 3% | 111.468
|
| $880,000 | 2023 | Serial | 2% | 101.234
|
| $895,000 | 2024 | Serial | 2% | 100.35
|
| $915,000 | 2025 | Serial | 2% | 99.442
|
| $930,000 | 2026 | Serial | 2% | 98.228
|
| $950,000 | 2027 | Serial | 2.125% | 98.689
|
| $970,000 | 2028 | Serial | 2.25% | 99.343
|
| $990,000 | 2029 | Serial | 2.25% | 98.488
|
| $1,015,000 | 2030 | Serial | 2.5% | 100.685
|
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