Published on 10/31/2012 in the Prospect News Municipals Daily.
New Issue: Central Utah Water Conservancy prices $130.83 million revenue bonds
By Sheri Kasprzak
New York, Oct. 31 - The Central Utah Water Conservancy sold $130,825,000 of series 2012C water revenue bonds Wednesday, according to a pricing sheet.
The bonds (/AA+/AA+) were sold through George K. Baum & Co. Inc.
The bonds are due 2022 to 2042 with 5% coupons. The full pricing details were unavailable Wednesday.
Proceeds will be used to fund a portion of the district's capital plan, including costs related to the Central Water Project and the district's share of the Central Utah Project, as well as to fund a debt service reserve fund.
| Issuer: | Central Utah Water Conservancy
|
| Issue: | Series 2012C water revenue bonds
|
| Amount: | $130,825,000
|
| Type: | Negotiated
|
| Underwriter: | George K. Baum & Co. Inc.
|
| Ratings: | Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Oct. 31
|
| Settlement date: | Dec. 4
|
|
|
| Amount | Maturity | Type | Coupon
|
| $3.63 million | 2022 | Serial | 5%
|
| $3,795,000 | 2023 | Serial | 5%
|
| $3.99 million | 2024 | Serial | 5%
|
| $4,195,000 | 2025 | Serial | 5%
|
| $4.41 million | 2026 | Serial | 5%
|
| $4,635,000 | 2027 | Serial | 5%
|
| $4,875,000 | 2028 | Serial | 5%
|
| $5,125,000 | 2029 | Serial | 5%
|
| $5,385,000 | 2030 | Serial | 5%
|
| $5.66 million | 2031 | Serial | 5%
|
| $5.95 million | 2032 | Serial | 5%
|
| $6,255,000 | 2033 | Serial | 5%
|
| $6.58 million | 2034 | Serial | 5%
|
| $6,915,000 | 2035 | Serial | 5%
|
| $7.27 million | 2036 | Serial | 5%
|
| $7,645,000 | 2037 | Serial | 5%
|
| $8,035,000 | 2038 | Serial | 5%
|
| $8,445,000 | 2039 | Serial | 5%
|
| $8.88 million | 2040 | Serial | 5%
|
| $9,335,000 | 2041 | Serial | 5%
|
| $9,815,000 | 2042 | Serial | 5%
|
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