Published on 1/29/2013 in the Prospect News Municipals Daily.
New Issue: Colorado Water Resources prices $94.59 million revenue refunding bonds
By Sheri Kasprzak
New York, Jan. 29 - The Colorado Water Resources and Power Development Authority sold $94,585,000 of series 2013A drinking and clean water revenue refunding bonds, said a pricing sheet.
The offering included $35.97 million of series 2013A drinking water bonds and $58,615,000 of series 2013A clean water bonds.
The drinking water bonds are due 2013 to 2025 with 2% to 5% coupons.
The clean water bonds are due 2013 to 2025 with 2% to 5% coupons.
The bonds (//AAA) were sold through J.P. Morgan Securities LLC.
Proceeds will be used to refund certain outstanding drinking and clean water bonds for debt service savings.
Issuer: | Colorado Water Resources and Power Development Authority
|
Issue: | Series 2013A drinking and clean water revenue refunding bonds
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Amount: | $94,585,000
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Type: | Negotiated
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Underwriter: | J.P. Morgan Securities LLC
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Rating: | Fitch: AAA
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Pricing date: | Jan. 29
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Settlement date: | Feb. 21
|
|
$35.97 million series 2013A drinking water bonds
|
Amount | Maturity | Type | Coupon | Price
|
$1.76 million | 2013 | Serial | 2% | 100.959
|
$1,795,000 | 2014 | Serial | 3% | 102.862
|
$1.8 million | 2014 | Serial | 3% | 104.143
|
$1,895,000 | 2015 | Serial | 4% | 107.284
|
$1,915,000 | 2015 | Serial | 5% | 111.396
|
$2,235,000 | 2016 | Serial | 4% | 110.249
|
$2.26 million | 2016 | Serial | 5% | 115.146
|
$2.48 million | 2017 | Serial | 5% | 116.961
|
$2.51 million | 2017 | Serial | 5% | 118.688
|
$2.24 million | 2018 | Serial | 5% | 120.164
|
$2,245,000 | 2018 | Serial | 5% | 121.638
|
$1,395,000 | 2019 | Serial | 5% | 122.358
|
$1.4 million | 2019 | Serial | 5% | 123.507
|
$955,000 | 2020 | Serial | 2% | 104.002
|
$950,000 | 2020 | Serial | 5% | 124.825
|
$1,095,000 | 2021 | Serial | 3% | 110.428
|
$1,095,000 | 2021 | Serial | 4% | 118.186
|
$1.19 million | 2022 | Serial | 5% | 126.553
|
$1,195,000 | 2022 | Serial | 5% | 126.999
|
$890,000 | 2023 | Serial | 2% | 99.548
|
$895,000 | 2023 | Serial | 3% | 107.734
|
$530,000 | 2024 | Serial | 2.125% | 98.495
|
$525,000 | 2024 | Serial | 3% | 105.87
|
$360,000 | 2025 | Serial | 2.375% | 98.605
|
$360,000 | 2025 | Serial | 3% | 103.956
|
|
$58,615,000 series 2013A clean water bonds
|
Amount | Maturity | Type | Coupon | Price
|
$650,000 | 2013 | Serial | 2% | 100.959
|
$530,000 | 2014 | Serial | 3% | 102.862
|
$540,000 | 2014 | Serial | 3% | 104.112
|
$620,000 | 2015 | Serial | 4% | 107.284
|
$630,000 | 2015 | Serial | 5% | 111.396
|
$1.21 million | 2016 | Serial | 3% | 107.252
|
$1,235,000 | 2016 | Serial | 4% | 111.664
|
$1.48 million | 2017 | Serial | 5% | 116.961
|
$1,485,000 | 2017 | Serial | 5% | 118.688
|
$2.11 million | 2018 | Serial | 5% | 120.164
|
$2,115,000 | 2018 | Serial | 5% | 121.638
|
$2,155,000 | 2019 | Serial | 5% | 122.358
|
$2,155,000 | 2019 | Serial | 5% | 123.507
|
$2.28 million | 2020 | Serial | 5% | 124.014
|
$2.29 million | 2020 | Serial | 5% | 124.825
|
$2,485,000 | 2021 | Serial | 5% | 125.432
|
$2,485,000 | 2021 | Serial | 5% | 126.093
|
$3,015,000 | 2022 | Serial | 5% | 126.553
|
$3,005,000 | 2022 | Serial | 4% | 118.318
|
$4.79 million | 2023 | Serial | 5% | 126.005
|
$4,785,000 | 2023 | Serial | 5% | 125.512
|
$4.92 million | 2024 | Serial | 3% | 106.399
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$4,935,000 | 2024 | Serial | 3% | 105.87
|
$3,355,000 | 2025 | Serial | 3% | 104.388
|
$3,355,000 | 2025 | Serial | 3% | 103.956
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