Published on 6/22/2011 in the Prospect News Municipals Daily.
New Issue: Charles County, Md., sells $57.79 million of G.O. bonds
By Sheri Kasprzak
New York, June 22 - Charles County, Md., sold $57.785 million of series 2011 general obligation bonds, said a pricing sheet.
The offering included $53.785 million of series 2011 tax-exempt consolidated public improvement and refunding bonds and $4 million of series 2011 taxable public improvement bonds.
The tax-exempts are due 2013 to 2028 with 2% to 5% coupons.
Robert W. Baird & Co. Inc. won the competitive bid with a 2.815% true interest cost, said Crystal Hunt, public information officer for the county.
Proceeds will be used to fund improvements to county facilities, as well as to refund the county's series 2003 and 2004 bonds.
| Issuer: | Charles County, Md.
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $57.785 million
|
| Type: | Competitive
|
| Underwriter: | Robert W. Baird & Co. (winner)
|
| TIC: | 2.815%
|
| Pricing date: | June 21
|
| Settlement date: | July 12
|
|
|
| $53.785 million series 2011 tax-exempt consolidated public improvement and refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.475 million | 2013 | Serial | 2% | 102.892
|
| $2.525 million | 2014 | Serial | 5% | 112.618
|
| $2.59 million | 2015 | Serial | 2% | 103.919
|
| $2.67 million | 2016 | Serial | 2% | 103.778
|
| $2.75 million | 2017 | Serial | 2% | 102.282
|
| $2.835 million | 2018 | Serial | 5% | 119.888
|
| $3.2 million | 2019 | Serial | 5% | 119.968
|
| $4.815 million | 2020 | Serial | 4% | 112.031
|
| $5.96 million | 2021 | Serial | 4% | 111.52
|
| $7.86 million | 2022 | Serial | 3% | 100.43
|
| $6.17 million | 2023 | Serial | 3.1% | 100
|
| $3.9 million | 2024 | Serial | 3.25% | 100
|
| $2.05 million | 2025 | Serial | 4% | 104.621
|
| $2.155 million | 2026 | Serial | 4% | 103.336
|
| $1.755 million | 2027 | Serial | 4% | 102.49
|
| $75,000 | 2028 | Serial | 4% | 101.902
|
|
|
| $4 million series 2011 taxable public improvement bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $210,000 | 2013 | Serial | 2% | 101.983
|
| $215,000 | 2014 | Serial | 2.5% | 103.829
|
| $220,000 | 2015 | Serial | 2.5% | 103.876
|
| $225,000 | 2016 | Serial | 3% | 104.499
|
| $230,000 | 2017 | Serial | 3% | 103.055
|
| $240,000 | 2018 | Serial | 3% | 101.264
|
| $250,000 | 2019 | Serial | 3.5% | 102.817
|
| $255,000 | 2020 | Serial | 4% | 103.053
|
| $270,000 | 2021 | Serial | 4% | 102.069
|
| $280,000 | 2022 | Serial | 4% | 100.821
|
| $290,000 | 2023 | Serial | 4.1% | 100
|
| $305,000 | 2024 | Serial | 4.2% | 100
|
| $320,000 | 2025 | Serial | 4.3% | 100
|
| $335,000 | 2026 | Serial | 4.4% | 100
|
| $355,000 | 2027 | Serial | 4.5% | 100
|
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