By Sheri Kasprzak
New York, Jan. 26 – Fairfax County, Va., sold $371.47 million of series 2016A public improvement and refunding bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were offered competitively. The issuer did not immediately respond to requests for the winning bidder on Tuesday.
The bonds are due 2016 to 2035 with 2% to 5% coupons and yields from 0.3% to 2.46%.
Proceeds will be used to finance capital improvements throughout the county and refund its series 2008A, 2009A, 2011A, 2012A, 2013A and 2014A bonds.
| Issuer: | Fairfax County, Va.
|
| Issue: | Series 2016A public improvement and refunding bonds
|
| Amount: | $371.47 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 9
|
|
|
| Maturity | Type | Coupon | Price | Yield
|
| 2016 | Serial | 2% | 101.093 | 0.30%
|
| 2017 | Serial | 2% | 102.237 | 0.63%
|
| 2018 | Serial | 3% | 105.717 | 0.81%
|
| 2019 | Serial | 4% | 110.974 | 0.93%
|
| 2020 | Serial | 4% | 113.337 | 1.05%
|
| 2021 | Serial | 4% | 115.412 | 1.17%
|
| 2022 | Serial | 3% | 110.116 | 1.40%
|
| 2023 | Serial | 3% | 110.413 | 1.55%
|
| 2024 | Serial | 4% | 117.975 | 1.75%
|
| 2025 | Serial | 4% | 118.521 | 1.89%
|
| 2026 | Serial | 4% | 118.278 | 2.00%
|
| 2027 | Serial | 4% | 117.576 | 2.07%
|
| 2028 | Serial | 4% | 116.778 | 2.15%
|
| 2029 | Serial | 3.25% | 107.238 | 2.44%
|
| 2030 | Serial | 5% | 125.745 | 2.16%
|
| 2031 | Serial | 5% | 124.918 | 2.24%
|
| 2032 | Serial | 5% | 124.2 | 2.31%
|
| 2033 | Serial | 5% | 123.69 | 2.36%
|
| 2034 | Serial | 5% | 123.182 | 2.41%
|
| 2035 | Serial | 5% | 122.677 | 2.46%
|
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