By Sheri Kasprzak
New York, July 14 - The City of Alexandria, Va., priced $70.005 million of series 2011 capital improvement general obligation bonds on Thursday, according to a term sheet.
The bonds (Aaa/AAA) were sold competitively.
The bonds are due 2012 to 2031 with 2% to 5% coupons.
Proceeds will be used to finance capital improvement projects, including public school projects, city parks and buildings, transportation improvements, capital contributions to the Washington Area Transit Authority, infrastructure improvements and maintenance, as well as upgrades to traffic control and information technology.
| Issuer: | City of Alexandria, Va.
|
| Issue: | Series 2011 capital improvement general obligation bonds
|
| Amount: | $70.005 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | July 14
|
| Settlement date: | July 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1 million | 2012 | Serial | 2% | 101.683
|
| $2 million | 2013 | Serial | 4% | 107.035
|
| $3 million | 2014 | Serial | 4% | 109.817
|
| $3.765 million | 2015 | Serial | 5% | 115.929
|
| $3.765 million | 2016 | Serial | 5% | 118.311
|
| $3.765 million | 2017 | Serial | 5% | 120.021
|
| $3.765 million | 2018 | Serial | 5% | 120.042
|
| $3.765 million | 2019 | Serial | 2.125% | 99.454
|
| $3.765 million | 2020 | Serial | 2.25% | 98.796
|
| $3.76 million | 2021 | Serial | 4% | 112.125
|
| $3.76 million | 2022 | Serial | 5% | 120.75
|
| $3.76 million | 2023 | Serial | 3% | 98.513
|
| $3.76 million | 2024 | Serial | 3.25% | 98.954
|
| $3.76 million | 2025 | Serial | 3.25% | 97.797
|
| $3.76 million | 2026 | Serial | 4% | 103.153
|
| $3.76 million | 2027 | Serial | 4% | 102.396
|
| $3.76 million | 2028 | Serial | 4% | 101.644
|
| $3.76 million | 2029 | Serial | 4% | 100.9
|
| $3.76 million | 2030 | Serial | 4% | 100
|
| $3.76 million | 2031 | Serial | 4% | 98.913
|
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