Published on 5/9/2012 in the Prospect News Municipals Daily.
New Issue: Alameda County Joint Powers Authority, Calif., sells $76 million bonds
By Sheri Kasprzak
New York, May 9 - The Alameda County Joint Powers Authority of California sold $76,125,000 of series 2012 lease revenue refunding bonds, according to a pricing sheet.
The bonds (A1/AA/AA) were sold through Bank of America Merrill Lynch. The co-managers were Wedbush Securities and Blaylock Robert Van LLC.
The bonds are due 2012 to 2021 with 1.5% to 5% coupons. The 2012 bonds were not reoffered.
Proceeds will be used to defease and prepay all of the authority's series 2001A certificates of participation.
| Issuer: | Alameda County Joint Powers Authority, Calif.
|
| Issue: | Series 2012 lease revenue refunding bonds
|
| Amount: | $76,125,000
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead), Wedbush Securities and Blaylock Robert Van LLC (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | May 9
|
| Settlement date: | June 5
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $17.65 million | 2012 | Serial | 1.5% | NRO
|
| $8,385,000 | 2013 | Serial | 3% | 103.688
|
| $10 million | 2013 | Serial | 4% | 105.169
|
| $11.16 million | 2014 | Serial | 4% | 108.205
|
| $4.38 million | 2015 | Serial | 4% | 110.733
|
| $3.61 million | 2016 | Serial | 5% | 116.939
|
| $3.79 million | 2017 | Serial | 4% | 113.917
|
| $3,975,000 | 2018 | Serial | 5% | 121.013
|
| $4,175,000 | 2019 | Serial | 4% | 115.273
|
| $4,385,000 | 2020 | Serial | 5% | 122.964
|
| $4,615,000 | 2021 | Serial | 5% | 123.378
|
© 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.
