Published on 6/26/2012 in the Prospect News Municipals Daily.
New Issue: El Paso County, Texas, prices $97.19 million certificates of obligation
By Sheri Kasprzak
New York, June 26 - El Paso County, Texas, sold $97.19 million of series 2012 certificates of obligation, according to a pricing sheet.
The bonds (//AA) were sold through Ramirez & Co. Inc.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to fund various public infrastructure and facility projects and procure technology and vehicles.
Issuer: | El Paso County, Texas
|
Issue: | Series 2012 certificates of obligation
|
Amount: | $97.19 million
|
Type: | Negotiated
|
Underwriters: | Ramirez & Co. Inc. (lead)
|
Ratings: | Fitch: AA
|
Pricing date: | June 26
|
Settlement date: | July 1
|
|
Amount | Maturity | Type | Coupon | Price
|
$2.58 million | 2013 | Serial | 2% | NRO
|
$2.6 million | 2014 | Serial | 2.5% | 103.133
|
$2,675,000 | 2015 | Serial | 3% | 105.727
|
$2.77 million | 2016 | Serial | 4% | 110.62
|
$2,885,000 | 2017 | Serial | 4% | 112.427
|
$3 million | 2018 | Serial | 3% | 107.715
|
$3.11 million | 2019 | Serial | 4.5% | 116.266
|
$3,235,000 | 2020 | Serial | 5% | 120.209
|
$3,385,000 | 2021 | Serial | 4% | 113.16
|
$3.53 million | 2022 | Serial | 5% | 119.527
|
$5.29 million | 2023 | Serial | 5% | 117.75
|
$5,555,000 | 2024 | Serial | 5% | 110.696
|
$175,000 | 2024 | Serial | 5% | 116.086
|
$5,835,000 | 2025 | Serial | 5% | 110.105
|
$175,000 | 2025 | Serial | 5% | 114.857
|
$6.12 million | 2026 | Serial | 5% | 109.608
|
$335,000 | 2026 | Serial | 5% | 114.127
|
$6.49 million | 2027 | Serial | 5% | 113.483
|
$6,755,000 | 2028 | Serial | 5% | 112.843
|
$7.09 million | 2029 | Serial | 5% | 112.445
|
$7,505,000 | 2030 | Serial | 5% | 112.048
|
$7.82 million | 2031 | Serial | 5% | 111.497
|
$8,275,000 | 2032 | Serial | 5% | 110.948
|
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