Published on 3/1/2012 in the Prospect News Municipals Daily.
New Issue: Winston-Salem, N.C., prices $49.38 million limited obligation bonds
By Sheri Kasprzak
New York, March 1 - The City of Winston-Salem, N.C., sold $49.38 million of series 2012A limited obligation bonds, according to a pricing sheet. The deal was downsized from $50.44 million.
The bonds (Aaa/AAA/AAA) were sold through Baird & Co. Inc. and BB&T Capital Markets Inc.
The bonds are due 2013, 2015 and 2017 with 2% to 5% coupons.
Proceeds will be used to refinance the city's base rental under agreements with the North Carolina Municipal Leasing Corp. corresponding to the city's series 2008C variable-rate certificates of participation and its series 2010B variable-rate limited obligation bonds.
| Issuer: | City of Winston-Salem, N.C.
|
| Issue: | Series 2012A limited obligation bonds
|
| Amount: | $49.38 million
|
| Type: | Negotiated
|
| Underwriters: | Baird & Co. Inc. and BB&T Capital Markets Inc.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | March 1
|
| Settlement date: | March 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $17.76 million | 2013 | Serial | 2% | 101.732
|
| $1 million | 2015 | Serial | 2% | 104.347
|
| $220,000 | 2015 | Serial | 3% | 107.284
|
| $15,225,000 | 2015 | Serial | 4% | 110.221
|
| $200,000 | 2017 | Serial | 3% | 110.685
|
| $14,975,000 | 2017 | Serial | 5% | 120.399
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
