By Sheri Kasprzak
New York, Jan. 15 - Fairfax County in Virginia priced $250.315 million in general obligation bonds, 2008A, Tuesday, according to Tanya Burrell with the county's finance department.
The bonds priced in a serial structure with maturities from April 1, 2009 through April 1, 2028.
The 2009 maturity's coupon came in at 4.50% and priced at 102.124% to yield 2.64%. The 2028 maturity's coupon came at 4.125%, priced at 98.713% to yield 4.22%.
The coupons ranged from 4.125% to 5.00%.
More than half of the proceeds -- $144.28 million - will be used for school projects, said Burrell. The remainder will be used for county projects.
| Issuer: | Fairfax County, Virginia
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| Issue: | General obligation bonds, series 2008A
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| Amount: | $250.315 million
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| Maturities: | April 2009 through April 2028
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| Coupons: | 4.50% for 2009 maturity; 4.125% for 2028 maturity
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| Range: 4.125% to 5.00%
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| Prices: | 102.124% for 2009; 98.713% for 2028
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| Yield: | 2.64% for 2009; 4.22% for 2028
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 30
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