By Sheri Kasprzak
New York, Oct. 10 - Montgomery County, Md., sold $318.36 million of series 2012 consolidated public improvement bonds, according to a pricing sheet.
The offering included $295 million of series 2012A consolidated public improvement bonds and $23.36 million of series 2012B consolidated public improvement refunding bonds.
The 2012A bonds are due 2013 to 2032 with 2.5% to 5% coupons, and the 2012B bonds are due 2013 to 2016 with 2.5% to 5% coupons.
The bonds (Aaa//AAA) were sold competitively. The issuer did not return calls for the winning bidder by press time Wednesday.
Proceeds will be used to refund commercial paper notes and existing G.O. bonds.
| Issuer: | Montgomery County, Md.
|
| Issue: | Series 2012 consolidated public improvement bonds
|
| Amount: | $318.36 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 24
|
|
|
| $295 million series 2012A consolidated public improvement bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $14.75 million | 2013 | Serial | 5% | 104.938
|
| $14.75 million | 2014 | Serial | 5% | 109.562
|
| $14.75 million | 2015 | Serial | 5% | 114.084
|
| $14.75 million | 2016 | Serial | 5% | 118.279
|
| $14.75 million | 2017 | Serial | 5% | 121.89
|
| $14.75 million | 2018 | Serial | 5.25% | 126.369
|
| $14.75 million | 2019 | Serial | 5% | 127.049
|
| $14.75 million | 2020 | Serial | 5% | 128.441
|
| $14.75 million | 2021 | Serial | 5% | 126.352
|
| $14.75 million | 2022 | Serial | 4% | 117.174
|
| $14.75 million | 2023 | Serial | 2.5% | 103.087
|
| $14.75 million | 2024 | Serial | 3% | 104.278
|
| $14.75 million | 2025 | Serial | 3% | 103.76
|
| $14.75 million | 2026 | Serial | 3% | 103.244
|
| $14.75 million | 2027 | Serial | 3% | 102.732
|
| $14.75 million | 2028 | Serial | 3% | 102.295
|
| $14.75 million | 2029 | Serial | 3% | 101.86
|
| $14.75 million | 2030 | Serial | 3% | 101.427
|
| $14.75 million | 2031 | Serial | 3% | 100.996
|
| $14.75 million | 2032 | Serial | 3% | 100.496
|
|
|
| $23.36 million series 2012B consolidated public improvement refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $7.79 million | 2013 | Serial | 2.5% | 102.392
|
| $5.01 million | 2014 | Serial | 3% | 105.515
|
| $5.16 million | 2015 | Serial | 4% | 111.017
|
| $5.4 million | 2016 | Serial | 5% | 118.191
|
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