Published on 6/19/2012 in the Prospect News Municipals Daily.
New Issue: Charles County, Md., sells $55.24 million G.O. public improvement bonds
By Sheri Kasprzak
New York, June 19 - Charles County, Md., came to market with $55.24 million of series 2012 general obligation public improvement and refunding bonds, according to a pricing sheet.
The deal included $51.24 million series 2012 tax-exempt consolidated public improvement and refunding bonds and $4 million of series 2012 taxable public improvement bonds.
The tax-exempt bonds are due 2013 to 2032 with 2% to 5% coupons. The taxable bonds are due 2013 to 2027 with 2% to 3.25% coupons.
The bonds (//AAA) were sold competitively. The issuer did not return calls for the winning bidder by press time Tuesday.
Proceeds will be used to finance improvements to certain public buildings, facilities and grounds in the county and refund existing G.O. bonds.
| Issuer: | Charles County, Md.
|
| Issue: | Series 2012 general obligation public improvement and refunding bonds
|
| Amount: | $55.24 million
|
| Type: | Competitive
|
| Ratings: | Fitch: AAA
|
| Pricing date: | June 19
|
| Settlement date: | July 10
|
|
|
| $51.24 million series 2012 tax-exempt consolidated public improvement and refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.83 million | 2013 | Serial | 2% | NRO
|
| $1.52 million | 2014 | Serial | 4% | 105.969
|
| $1,945,000 | 2015 | Serial | 5% | 111.794
|
| $2.55 million | 2016 | Serial | 4% | 112.113
|
| $5,305,000 | 2017 | Serial | 5% | 118.897
|
| $5.92 million | 2018 | Serial | 5% | 121.214
|
| $6,215,000 | 2019 | Serial | 5% | 123.253
|
| $5.77 million | 2020 | Serial | 5% | 124.525
|
| $5.49 million | 2021 | Serial | 5% | 125.501
|
| $2.39 million | 2022 | Serial | 5% | 126.386
|
| $1,835,000 | 2023 | Serial | 4% | 113.42
|
| $1,905,000 | 2024 | Serial | 4% | 112.14
|
| $1.98 million | 2025 | Serial | 4% | 111.147
|
| $2.06 million | 2026 | Serial | 4% | 110.342
|
| $2,125,000 | 2027 | Serial | 4.25% | 113.441
|
| $450,000 | 2028 | Serial | 4.25% | 112.715
|
| $465,000 | 2029 | Serial | 4.25% | 112.085
|
| $480,000 | 2030 | Serial | 4.25% | 111.459
|
| $495,000 | 2031 | Serial | 4.25% | 110.837
|
| $510,000 | 2032 | Serial | 4.25% | 110.307
|
|
|
| $4 million series 2012 taxable public improvement bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $155,000 | 2013 | Serial | 2% | 100.991
|
| $245,000 | 2014 | Serial | 2% | 102.366
|
| $245,000 | 2015 | Serial | 2% | 103.529
|
| $250,000 | 2016 | Serial | 2% | 104.114
|
| $250,000 | 2017 | Serial | 2% | 103.83
|
| $255,000 | 2018 | Serial | 3% | 108.649
|
| $260,000 | 2019 | Serial | 3% | 108.13
|
| $265,000 | 2020 | Serial | 3% | 107.052
|
| $270,000 | 2021 | Serial | 3% | 105.858
|
| $280,000 | 2022 | Serial | 3% | 104.695
|
| $285,000 | 2023 | Serial | 3% | 102.958
|
| $295,000 | 2024 | Serial | 3% | 101.254
|
| $305,000 | 2025 | Serial | 3% | 100
|
| $315,000 | 2026 | Serial | 3% | 98.617
|
| $325,000 | 2027 | Serial | 3.25% | 99.42
|
© 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.
