Published on 2/18/2015 in the Prospect News Municipals Daily.
New Issue: Fairfax County, Va., prices $227.34 million public improvement bonds
By Sheri Kasprzak
New York, Feb. 18 – Fairfax County, Va., sold $227.34 million of series 2015A public improvement bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively. The issuer did not respond to requests for the winning bidder by press time Wednesday afternoon.
The bonds are due 2015 to 2034 with 2% to 5% coupons and 0.12% to 3.05% yields.
Proceeds will be used to finance school, transportation, parks, public safety and storm drainage facility improvements.
| Issuer: | Fairfax County, Va.
|
| Issue: | Series 2015A public improvement bonds
|
| Amount: | $227.34 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Feb. 18
|
| Settlement date: | March 4
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $11.37 million | 2015 | Serial | 2% | 101.08 | 0.12%
|
| $11.37 million | 2016 | Serial | 5% | 107.313 | 0.34%
|
| $11.37 million | 2017 | Serial | 4% | 108.781 | 0.56%
|
| $11.37 million | 2018 | Serial | 4% | 111.03 | 0.86%
|
| $11.37 million | 2019 | Serial | 5% | 117.5 | 1.07%
|
| $11.37 million | 2020 | Serial | 5% | 119.834 | 1.30%
|
| $11.37 million | 2021 | Serial | 5% | 121.695 | 1.52%
|
| $11.37 million | 2022 | Serial | 5% | 122.881 | 1.76%
|
| $11,365,000 | 2023 | Serial | 5% | 124.242 | 1.92%
|
| $11,365,000 | 2024 | Serial | 5% | 125.329 | 2.07%
|
| $11,365,000 | 2025 | Serial | 5% | 124.151 | 2.19%
|
| $11,365,000 | 2026 | Serial | 5% | 122.986 | 2.31%
|
| $11,365,000 | 2027 | Serial | 3% | 103.284 | 2.61%
|
| $11,365,000 | 2028 | Serial | 4% | 110.369 | 2.76%
|
| $11,365,000 | 2029 | Serial | 4% | 109.927 | 2.81%
|
| $11,365,000 | 2030 | Serial | 3% | 98.77 | 3.10%
|
| $11,365,000 | 2031 | Serial | 4% | 108.962 | 2.92%
|
| $11,365,000 | 2032 | Serial | 4% | 108.353 | 2.99%
|
| $11,365,000 | 2033 | Serial | 4% | 108.267 | 3.00%
|
| $11,365,000 | 2034 | Serial | 4% | 107.835 | 3.05%
|
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