By Sheri Kasprzak
New York, Oct. 15 - Fairfax County in Virginia sold $400.895 million in series 2009 public improvement bonds on Wednesday, according to a pricing sheet.
The sale included $131.8 million in series 2009C refunding bonds, $66.895 million in series 2009D public improvement bonds and $202.2 million in series 2009E Build America Bonds.
The 2009C bonds are due 2014 to 2019 with coupons from 3% to 5% and the 2009D bonds are due 2010 to 2014 with coupons from 2% to 5%. The 2009E bonds are due 2015 to 2029 with coupons from 3.1% to 5.25%.
The bonds were sold competitively with Merrill Lynch & Co. as the winning bidder.
Proceeds will be used to fund capital projects, as well as to refund existing debt.
| Issuer: | Fairfax County, Va.
|
| Issue: | Series 2009 public improvement bonds
|
| Amount: | $400.895 million
|
| Type: | Competitive
|
| Underwriter: | Merrill Lynch & Co. Inc.
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 28
|
|
|
| Series 2009C
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 3% | 106.395
|
| 2015 | Serial | 5% | 116.986
|
| 2016 | Serial | 5% | 117.892
|
| 2017 | Serial | 5% | 118.422
|
| 2018 | Serial | 5% | 118.392
|
| 2019 | Serial | 5% | 119.137
|
|
|
| Series 2009D
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 101.569
|
| 2011 | Serial | 4% | 106.199
|
| 2012 | Serial | 5% | 111.225
|
| 2013 | Serial | 5% | 113.291
|
| 2014 | Serial | 5% | 114.457
|
|
|
| Series 2009E
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 3.1% | 101.000
|
| 2016 | Serial | 3.7% | 101.000
|
| 2017 | Serial | 3.9% | 101.000
|
| 2018 | Serial | 4.15% | 101.000
|
| 2019 | Serial | 4.2% | 101.000
|
| 2020 | Serial | 4.35% | 101.000
|
| 2021 | Serial | 4.5% | 101.000
|
| 2022 | Serial | 4.6% | 101.000
|
| 2023 | Serial | 4.7% | 101.000
|
| 2024 | Serial | 4.8% | 101.000
|
| 2025 | Serial | 4.9% | 101.000
|
| 2026 | Serial | 5% | 101.000
|
| 2027 | Serial | 5.1% | 101.000
|
| 2028 | Serial | 5.2% | 101.000
|
| 2029 | Serial | 5.25% | 100.000
|
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