Published on 11/14/2012 in the Prospect News Municipals Daily.
New Issue: St. Louis County, Mo., sells $63.34 million of G.O. bonds
By Sheri Kasprzak
New York, Nov. 14 - St. Louis County of Missouri priced $63.34 million of series 2012 courthouse projects general obligation bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively with Hutchinson Shockey Erley & Co. Inc. winning the bid with a 2.308808% true interest cost.
The bonds are due 2014 to 2032 with 2% to 5% coupons.
Proceeds will be used to finance a portion of the cost of a new family court building, as well as to refund the last maturity of the county's series 1998 G.O. refunding bonds.
| Issuer: | St. Louis County, Mo.
|
| Issue: | Series 2012 courthouse projects general obligation bonds
|
| Amount: | $63.34 million
|
| Type: | Competitive
|
| Underwriter: | Hutchinson Shockey Erley & Co. Inc. (winner)
|
| True interest cost: | 2.308808%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 14
|
| Settlement date: | Dec. 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,945,000 | 2014 | Serial | 5% | 105.404
|
| $3,055,000 | 2015 | Serial | 4% | 107.708
|
| $3,145,000 | 2016 | Serial | 3% | 107.81
|
| $3.27 million | 2017 | Serial | 3% | 109.828
|
| $3,365,000 | 2018 | Serial | 4% | 116.506
|
| $2,855,000 | 2019 | Serial | 4% | 118.711
|
| $2,955,000 | 2020 | Serial | 3% | 111.272
|
| $3.03 million | 2021 | Serial | 2% | 103.345
|
| $3,105,000 | 2022 | Serial | 3% | 108.171
|
| $3,185,000 | 2023 | Serial | 2% | 100.867
|
| $3.25 million | 2024 | Serial | 2% | 100
|
| $3.32 million | 2025 | Serial | 2.25% | 100.86
|
| $3,395,000 | 2026 | Serial | 2.25% | 99.096
|
| $3,485,000 | 2027 | Serial | 3% | 103.353
|
| $3,585,000 | 2028 | Serial | 2.5% | 99.373
|
| $3,685,000 | 2029 | Serial | 3% | 102.66
|
| $3.79 million | 2030 | Serial | 2.75% | 98.916
|
| $3.9 million | 2031 | Serial | 3% | 101.972
|
| $4.02 million | 2032 | Serial | 3% | 101.631
|
© 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.
