Published on 4/1/2014 in the Prospect News Municipals Daily.
New Issue: Fairfax County, Va., sells $64.91 million sewer revenue refunding bonds
By Sheri Kasprzak
New York, April 1 - Fairfax County, Va., priced $64.91 million of series 2014 sewer revenue refunding bonds, according to a pricing sheet.
The bonds (Aa1/AAA/AAA) were sold competitively. The issuer did not immediately return calls for the winning bidder.
The bonds are due 2015 to 2028 with 2% to 5% coupons.
Proceeds will be used to refund all or a portion of the county's series 2004 sewer revenue bonds.
| Issuer: | Fairfax County, Va.
|
| Issue: | Series 2014 sewer revenue refunding bonds
|
| Amount: | $64.91 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | April 1
|
| Settlement date: | April 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,745,000 | 2015 | Serial | 2% | 102.304
|
| $3.84 million | 2016 | Serial | 3% | 105.833
|
| $3,935,000 | 2017 | Serial | 5% | 113.78
|
| $4,045,000 | 2018 | Serial | 5% | 116.636
|
| $4.2 million | 2019 | Serial | 5% | 118.65
|
| $4,335,000 | 2020 | Serial | 5% | 119.477
|
| $4,485,000 | 2021 | Serial | 5% | 120.068
|
| $4,635,000 | 2022 | Serial | 5% | 120.758
|
| $4.79 million | 2023 | Serial | 5% | 121.628
|
| $4,955,000 | 2024 | Serial | 5% | 122.472
|
| $5.14 million | 2025 | Serial | 3% | 101.857
|
| $5,375,000 | 2026 | Serial | 3% | 100.878
|
| $5.6 million | 2027 | Serial | 3.5% | 104.379
|
| $5.83 million | 2028 | Serial | 3.5% | 103.574
|
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