Published on 3/21/2013 in the Prospect News Municipals Daily.
New Issue: Bucks County, Pa., brings $65.3 million of G.O. bonds
By Sheri Kasprzak
New York, March 21 - Bucks County, Pa., priced $65.3 million of series 2013 general obligation bonds, according to a pricing sheet.
The bonds (Aaa/AA+/) were sold through Piper Jaffray & Co.
The bonds are due 2014 to 2028 with 1.25% to 5% coupons.
Proceeds will be used to finance capital improvements, including the construction of a new judicial complex and information technology updates, as well as acquisitions for the county's open space program.
| Issuer: | Bucks County, Pa.
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $65.3 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co. (lead)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Pricing date: | March 21
|
| Settlement date: | April 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,285,000 | 2014 | Serial | 3% | 104.321
|
| $3,385,000 | 2015 | Serial | 4% | 109.267
|
| $1 million | 2016 | Serial | 1.25% | 102.387
|
| $2.52 million | 2016 | Serial | 4% | 112.185
|
| $3.63 million | 2017 | Serial | 4% | 114.587
|
| $2.2 million | 2018 | Serial | 1.5% | 102.498
|
| $1,575,000 | 2018 | Serial | 4% | 116.076
|
| $3,875,000 | 2019 | Serial | 4% | 116.967
|
| $4.03 million | 2020 | Serial | 5% | 124.497
|
| $4.23 million | 2021 | Serial | 5% | 125.584
|
| $4.44 million | 2022 | Serial | 5% | 126.297
|
| $4,665,000 | 2023 | Serial | 4% | 116.919
|
| $4.85 million | 2024 | Serial | 5% | 124.833
|
| $5.09 million | 2025 | Serial | 4% | 113.702
|
| $5,295,000 | 2026 | Serial | 4% | 112.274
|
| $5,505,000 | 2027 | Serial | 4% | 111.054
|
| $5,725,000 | 2028 | Serial | 4% | 109.757
|
© 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.
