New Issue: Fairfax County, Va., sells $131.47 million revenue refunding bonds

By Sheri Kasprzak

New York, April 6 – Fairfax County, Va., priced $131,465,000 of series 2016A sewer revenue refunding bonds, according to a pricing sheet.

The bonds (Aaa/AAA/AAA) were sold through senior manager J.P. Morgan Securities LLC.

The bonds are due 2020 to 2039 with 2% to 5% coupons.

Proceeds will be used to refund a portion of the county’s series 2009 and 2012 sewer revenue bonds.

Issuer:	Fairfax County, Va.
Issue:	Series 2016A sewer revenue refunding bonds
Amount:	$131,465,000
Type:	Negotiated
Underwriter:	J.P. Morgan Securities LLC
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AAA
	Fitch: AAA
Pricing date:	April 5
Settlement date:	May 12
Amount	Maturity	Type	Coupon	Price
$3.23 million	2020	Serial	3%	108.2
$3,365,000	2021	Serial	4%	114.386
$5.68 million	2022	Serial	5%	122.416
$5.97 million	2023	Serial	5%	124.956
$6,275,000	2024	Serial	5%	127.007
$6.6 million	2025	Serial	5%	128.904
$6.94 million	2026	Serial	5%	130.603
$2.2 million	2027	Serial	2%	101.757
$5,095,000	2027	Serial	5%	129.52
$7.67 million	2028	Serial	3%	108.683
$8,055,000	2029	Serial	5%	128.235
$8.47 million	2030	Serial	5%	1287.704
$5,585,000	2031	Serial	5%	126.86
$5.87 million	2032	Serial	4%	113.978
$6,175,000	2033	Serial	3.25%	103.957
$6.49 million	2034	Serial	3.375%	104.516
$6,825,000	2035	Serial	3.375%	103.977
$7,175,000	2036	Serial	3.5%	104.621
$7.54 million	2037	Serial	4%	110.744
$7,925,000	2038	Serial	4%	110.371
$8.33 million	2039	Serial	3%	99.171

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