By Sheri Kasprzak
New York, March 16 - The City of Boston priced $181.525 million of series 2011 general obligation bonds on Wednesday, said pricing sheets.
The bonds were sold competitively, but calls to the issuer for the winner were not immediately returned.
The offering included $86.355 million of series 2011A bonds, $38.9 million of series 2011B bonds, $41.625 million of series 2011C qualified school construction bonds and $14.645 million of series 2011D bonds.
The 2011A bonds are due 2012 to 2031 with coupons from 2.5% to 5%. The 2011B bonds are due 2012 to 2027 with coupons from 3% to 5%. The 2011C bonds are due 2017 to 2018 with a term bond due in 2026. The serial coupons range from 3% to 3.3%. The 2026 bonds have a 4.4% coupon priced at par. The 2011D bonds are due 2013 to 2016 with 3% to 4% coupons.
Proceeds will be used to advance refund the city's series A convention center loan special obligation bonds and finance various capital projects.
| Issuer: | City of Boston
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $181.525 million
|
| Type: | Competitive
|
| Pricing date: | March 16
|
| Settlement date: | May 4
|
|
|
| $86.355 million series 2011A
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2.5% | 102.103
|
| 2013 | Serial | 4% | 106.687
|
| 2014 | Serial | 5% | 111.824
|
| 2015 | Serial | 5% | 113.747
|
| 2016 | Serial | 5% | 115.546
|
| 2017 | Serial | 5% | 116.821
|
| 2018 | Serial | 5% | 117.435
|
| 2019 | Serial | 5% | 117.787
|
| 2020 | Serial | 5% | 117.743
|
| 2021 | Serial | 5% | 117.357
|
| 2022 | Serial | 3% | 97.703
|
| 2023 | Serial | 3.5% | 100
|
| 2024 | Serial | 4% | 103.249
|
| 2025 | Serial | 4% | 101.901
|
| 2026 | Serial | 4% | 100.904
|
| 2027 | Serial | 4% | 100.163
|
| 2028 | Serial | 4% | 99.147
|
| 2029 | Serial | 4% | 97.986
|
| 2030 | Serial | 4.25% | 99.87
|
| 2031 | Serial | 4.25% | 98.541
|
|
|
| $38.9 million series 2011B
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 102.653
|
| 2013 | Serial | 3% | 104.682
|
| 2014 | Serial | 4% | 108.906
|
| 2015 | Serial | 5% | 113.747
|
| 2016 | Serial | 5% | 115.546
|
| 2017 | Serial | 5% | 116.821
|
| 2018 | Serial | 5% | 117.435
|
| 2019 | Serial | 5% | 117.787
|
| 2020 | Serial | 5% | 117.743
|
| 2021 | Serial | 5% | 117.357
|
| 2022 | Serial | 3% | 97.794
|
| 2023 | Serial | 3.25% | 98.144
|
| 2024 | Serial | 3.5% | 98.866
|
| 2025 | Serial | 3.5% | 97.083
|
| 2026 | Serial | 4% | NRO
|
| 2027 | Serial | 4% | NRO
|
|
|
| $41.625 million series 2011C
|
| Amount | Maturity | Type | Coupon | Price
|
| $935,000 | 2017 | Serial | 3% | 100.218
|
| $960,000 | 2018 | Serial | 3.3% | 100.248
|
| $39.73 million | 2026 | Term | 4.4% | 100
|
|
|
| $14.645 million series 2011D
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 4%
|
| 2014 | Serial | 3%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 4%
|
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