New Issue: Central Utah Water Conservancy prices $63.12 million refunding bonds

By Sheri Kasprzak

New York, April 28 - The Central Utah Water Conservancy District sold $63.115 million of series 2011B limited tax general obligation refunding bonds on Thursday, according to a pricing sheet.

George K. Baum & Co. was the senior manager for the bonds (//AAA)

The bonds are due 2012 to 2026 with a term bond due in 2028. The serial coupons range from 2% to 5.25%. The 2028 bonds have a 5% coupon to yield 4.15%.

Proceeds will be used to refund existing debt.

Issuer:	Central Utah Water Conservancy District
Issue:	Series 2011B limited tax general obligation refunding bonds
Amount:	$63.115 million
Type:	Negotiated
Underwriter:	George K. Baum & Co.
Rating:	Fitch: AAA
Pricing date:	April 28
Settlement date:	May 10
Amount	Maturity	Type	Coupon	Price/Yield
$2.13 million	2012	Serial	2%	101.386
$2 million	2013	Serial	5%	108.085
$2.155 million	2014	Serial	5%	111.311
$2.97 million	2015	Serial	5%	113.668
$3.035 million	2016	Serial	5%	115.526
$2.195 million	2017	Serial	2.5%	102.484
$970,000	2017	Serial	4%	110.768
$3.425 million	2018	Serial	4%	110.372
$4.705 million	2019	Serial	5%	116.632
$4.91 million	2020	Serial	5%	116.267
$2.3 million	2021	Serial	3.75%	105.324
$2.82 million	2021	Serial	5%	115.891
$4.39 million	2022	Serial	5.25%	3.29%
$5.11 million	2023	Serial	5.25%	3.46%
$5.24 million	2024	Serial	5%	3.7%
$5.2 million	2025	Serial	5%	3.85%
$6.155 million	2026	Serial	5%	3.96%
$3.405 million	2028	Term	5%	4.15%

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