By Aaron Hochman-Zimmerman
New York, June 2 - Fairfax County, Va., priced $156.605 million series 2009 sewer revenue bonds at a true interest cost of 4.44% (Aa2/AAA/AAA), according to Sarah Greear, Public Financial Management Inc. senior managing consultant.
Citigroup Global Markets Inc. won the auction over four other bidders.
The bonds will carry maturities from 2010 to 2039.
Proceeds will be used for upgrades to a wastewater treatment system and to make a deposit to a reserve subfund.
Public Financial Management acted as financial adviser to the deal.
| Issuer: | Fairfax County, Va.
|
| Issue: | Series 2009 sewer revenue bonds
|
| Amount: | $156.605 million
|
| Maturities: | 2010 to 2039
|
| True interest cost: | 4.44%
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Type: | Competitive
|
| Pricing date: | June 2
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
