Published on 1/14/2009 in the Prospect News Municipals Daily.
New Issue: Fairfax County, Va., prices $58 million in G.O. refunding bonds with 1.46% TIC
By Aaron Hochman-Zimmerman
New York, Jan. 14 - Fairfax County in Virginia sold $58 million in general obligation refunding bonds (Aaa//AAA), according to the county's debt manager, Len Wales.
The bonds priced with a TIC of 1.46% and have serial maturities from 2010 to 2014. Yields ranged from 0.5% to 1.79%.
Citigroup was the winning bidder.
Issuer: Fairfax County
Issue: Series 2009 general obligation refunding bonds
| Amount: | $58 million
|
| Maturity range: | 2010 to 2014
|
| Type: | Competitive
|
| TIC: | 1.46%
|
| Pricing date: | Jan. 14
|
| Underwriter: | Citigroup
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Maturity: | Amount: | Rate: | Yield: | Price:
|
| April 1, 2010 | 13.155 million | 4.500% | 0.500% | 104.679
|
| April 1, 2011 | 13.045 million | 3.000% | 1.240% | 103.764
|
| April 1, 2012 | 12.735 million | 3.000% | 1.410% | 104.918
|
| April 1, 2013 | 12.405 million | 3.000% | 1.590% | 105.672
|
| April 1, 2014 | 7.030 million | 3.000% | 1.790% | 105.953
|
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