By Aaron Hochman-Zimmerman
New York, Feb. 18 - Union County in North Carolina priced $64.5 million series 2009 general obligation school bonds (Aa2/AA/AA) at a TIC of 3.6464%, according to financial director Kai Nelson.
The bonds carry maturities from 2010 to 2029.
Merrill Lynch & Co. won the auction for the competitive bonds. Wachovia was the cover with a bid of 3.6573%.
Proceeds are intended to construct, equip and acquire school buildings.
The Union County seat is in Monroe.
Issuer: Union County
Issue: Series general obligation school bonds
| Amount: | $64.5 million
|
| Type: | Competitive
|
| TIC: | 3. 6464%
|
| Underwriters: | Merrill Lynch & Co.
|
| Pricing date: | Feb. 18
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
© 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.
