By Aaron Hochman-Zimmerman
New York, Jan. 14 - Fairfax County in Virginia sold $199.5 million in series 2009 competitive general obligation bonds (Aaa//AAA), according to the county's debt manager, Len Wales.
The bonds priced on Tuesday with a TIC of 3.56%.
The deal has serial maturities from 2010 to 2029 and yields from 0.72% to 4.5%.
The issue was won by Barclays.
Proceeds will be used for school improvement projects and to refund the county's series 1999A general obligation bonds.
Issuer: Fairfax County
Issue: Series 2009 general obligation bonds
Amount $199.5 million
| Type: | Competitive
|
| TIC: | 3.56%
|
| Pricing date: | Jan. 13
|
| Underwriter: | Barclays
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Maturity: | Amount: | Rate: | Yield: | Price:
|
| 4/1/2010 | $9.98 million | 4% | 0.720% | 103.830
|
| 4/1/2011 | $9.98 million | 4% | 1.400% | 105.549
|
| 4/1/2012 | $9.975 million | 4% | 1.570% | 107.495
|
| 4/1/2013 | $9.975 million | 5% | 1.740% | 113.070
|
| 4/1/2014 | $9.975 million | 5% | 1.970% | 114.835
|
| 4/1/2015 | $9.975 million | 5% | 2.180% | 116.206
|
| 4/1/2016 | $9.975 million | 4% | 2.410% | 110.416
|
| 4/1/2017 | $9.975 million | 4% | 2.570% | 110.480
|
| 4/1/2018 | $9.975 million | 5% | 2.790% | 117.776
|
| 4/1/2019 | $9.975 million | 5% | 3.000% | 117.421
|
| 4/1/2020 | $9.975 million | 4% | 3.300% | 106.004
|
| 4/1/2021 | $9.975 million | 3.5% | 3.550% | 99.505
|
| 4/1/2022 | $9.975 million | 4% | 3.710% | 102.434
|
| 4/1/2023 | $9.975 million | 4% | 3.870% | 101.080
|
| 4/1/2024 | $9.975 million | 4% | 4.000% | Par
|
| 4/1/2025 | $9.975 million | 4% | 4.100% | 98.821
|
| 4/1/2026 | $9.975 million | 4.125% | 4.190% | 99.204
|
| 4/1/2027 | $9.975 million | 4.25% | 4.280% | 99.618
|
| 4/1/2028 | $9.975 million | 4.25% | 4.370% | 98.447
|
| 4/1/2029 | $9.975 million | 4.5% | 4.500% | Par
|
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