New Issue: Fairfax County, Va., brings $217.66 million public improvement bonds

By Sheri Kasprzak

New York, Jan. 18 - Fairfax County in Virginia sold $217,655,000 of series 2012A public improvement bonds on Wednesday, said a pricing sheet.

The bonds (Aaa/AAA/AAA) are due 2013 to 2030 with a term bond due in 2032. The serial coupons range from 2% to 5%. The 2032 bonds have a 3% coupon priced at 99.

Citigroup Global Markets Inc. won the bid for the bonds.

Proceeds will be used to fund school, transportation, parks and recreation facilities, public safety facilities, human services facilities and library facilities improvements.

Issuer:	Fairfax County, Va.
Issue:	Series 2012A public improvement bonds
Amount:	$217,655,000
Type:	Competitive
Underwriter:	Citigroup Global Markets Inc. (winner)
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
	Fitch: AAA
Pricing date:	Jan. 18
Settlement date:	Feb. 2
Amount	Maturity	Type	Coupon	Price
$10.88 million	2013	Serial	3%	NRO
$10,885,000	2014	Serial	5%	NRO
$10,885,000	2015	Serial	5%	NRO
$10,885,000	2016	Serial	5%	NRO
$10,885,000	2017	Serial	5%	121.543
$10,885,000	2018	Serial	5%	NRO
$10,885,000	2019	Serial	5%	NRO
$10,885,000	2020	Serial	5%	128.658
$10,885,000	2021	Serial	3%	110.753
$10,885,000	2022	Serial	2%	101.587
$10,885,000	2023	Serial	4%	NRO
$10,885,000	2024	Serial	3%	105.946
$10,885,000	2025	Serial	3%	NRO
$10,885,000	2026	Serial	3%	103.445
$10.88 million	2027	Serial	4%	111.403
$10.88 million	2028	Serial	3%	101.814
$10.88 million	2029	Serial	4%	NRO
$10.88 million	2030	Serial	4%	NRO
$21.75 million	2032	Term	3%	99

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