Published on 12/12/2012 in the Prospect News Municipals Daily.
New Issue: Yonkers, N.Y., prices $106.07 million of G.O. bonds in four parts
By Sheri Kasprzak
New York, Dec. 12 - The City of Yonkers, N.Y., sold $106.07 million of series 2012 general obligation bonds in four tranches, said a pricing sheet.
The deal included $37.04 million of series 2012A G.O. refunding bonds (Baa1), $12.11 million of series 2012B school refunding bonds (A2), $30.33 million of series 2012C G.O. serial bonds (Baa1) and $26.59 million of series 2012D school serial bonds (A2).
The 2012A bonds are due 2013 to 2030 with 2% to 4% coupons. The 2012B bonds are due 2013 to 2018 with 2% to 3% coupons. The 2012C bonds are due 2013 to 2026 with coupons from 2% to 4%. The 2012D bonds are due 2014 to 2025 with 3% coupons.
The bonds were sold through Sterne, Agee & Leach Inc.
Proceeds will be used to finance capital projects and refund debt.
| Issuer: | City of Yonkers, N.Y.
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $106.07 million
|
| Type: | Negotiated
|
| Underwriters: | Sterne, Agee & Leach Inc.
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 20
|
|
|
| $37.04 million series 2012A G.O. refunding bonds (Baa1)
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.42 million | 2013 | Serial | 2% | 100.66
|
| $150,000 | 2013 | Serial | 2% | 100.556
|
| $1.49 million | 2014 | Serial | 2% | 101.438
|
| $7.53 million | 2015 | Serial | 4% | 106.828
|
| $7,835,000 | 2016 | Serial | 4% | 108.493
|
| $4.97 million | 2017 | Serial | 4% | 110.033
|
| $5,165,000 | 2018 | Serial | 4% | 111.141
|
| $595,000 | 2019 | Serial | 3% | 105.778
|
| $615,000 | 2020 | Serial | 3% | 105.168
|
| $635,000 | 2021 | Serial | 3% | 105.393
|
| $650,000 | 2022 | Serial | 3% | 103.785
|
| $670,000 | 2023 | Serial | 3% | 102.733
|
| $695,000 | 2024 | Serial | 3% | 101.812
|
| $715,000 | 2025 | Serial | 3% | 100.901
|
| $735,000 | 2026 | Serial | 3% | 100
|
| $755,000 | 2027 | Serial | 3% | 99.415
|
| $780,000 | 2028 | Serial | 3% | 98.774
|
| $805,000 | 2029 | Serial | 3% | 98.077
|
| $830,000 | 2030 | Serial | 3% | 97.331
|
|
|
| $12.11 million series 2012B school refunding bonds (A2)
|
| Amount | Maturity | Type | Coupon | Price
|
| $570,000 | 2013 | Serial | 2% | 100.713
|
| $595,000 | 2014 | Serial | 3% | 103.107
|
| $1,495,000 | 2015 | Serial | 3% | 104.6
|
| $3.89 million | 2016 | Serial | 3% | 105.598
|
| $4,005,000 | 2017 | Serial | 3% | 106.455
|
| $1,555,000 | 2018 | Serial | 3% | 106.834
|
|
|
| $30.33 million series 2012C G.O. serial bonds (Baa1)
|
| Amount | Maturity | Type | Coupon | Price
|
| $145,000 | 2013 | Serial | 2% | 100.812
|
| $1.94 million | 2014 | Serial | 2% | 101.552
|
| $2 million | 2015 | Serial | 4% | 107.152
|
| $2,085,000 | 2016 | Serial | 4% | 108.777
|
| $2,165,000 | 2017 | Serial | 4% | 110.292
|
| $2.25 million | 2018 | Serial | 4% | 111.373
|
| $2,175,000 | 2019 | Serial | 4% | 111.737
|
| $2.26 million | 2020 | Serial | 4% | 111.864
|
| $2,355,000 | 2021 | Serial | 4% | 111.192
|
| $2.44 million | 2022 | Serial | 3% | 101.679
|
| $2.51 million | 2023 | Serial | 3% | 100.451
|
| $2.59 million | 2024 | Serial | 3% | 99.51
|
| $2.67 million | 2025 | Serial | 3% | 98.442
|
| $2,745,000 | 2026 | Serial | 3% | 97.799
|
|
|
| $26.59 million series 2012D school bonds (A2)
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.87 million | 2014 | Serial | 3% | 103.353
|
| $1,925,000 | 2015 | Serial | 3% | 104.818
|
| $1,985,000 | 2016 | Serial | 3% | 105.787
|
| $2,045,000 | 2017 | Serial | 3% | 106.622
|
| $2,105,000 | 2018 | Serial | 3% | 106.977
|
| $2.17 million | 2019 | Serial | 3% | 106.971
|
| $2,235,000 | 2020 | Serial | 3% | 106.476
|
| $2,305,000 | 2021 | Serial | 3% | 105.865
|
| $2,375,000 | 2022 | Serial | 3% | 104.262
|
| $2.45 million | 2023 | Serial | 3% | 103.227
|
| $2,525,000 | 2024 | Serial | 3% | 102.292
|
| $2.6 million | 2025 | Serial | 3% | 101.367
|
© 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.
