By Sheri Kasprzak
New York, May 10 - The Fairfax County Economic Development Authority sold $220 million of series 2011 Silver Line Phase I project transportation district improvement revenue bonds, said a pricing sheet.
The bonds (Aa2) were sold through J.P. Morgan Securities LLC.
The bonds are due 2012 to 2031 with a term bond due in 2036. The serial coupons range from 2% to 5%. The 2036 bonds have a 5% coupon.
Proceeds will be used to finance a portion of the county's share of the Dulles Metrorail Silver Line extension.
| Issuer: | Fairfax County Economic Development Authority
|
| Issue: | Series 2011 Silver Line Phase I project transportation district improvement revenue bonds
|
| Amount: | $220 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC (lead)
|
| Rating: | Moody's: Aa2
|
| Pricing date: | May 10
|
| Settlement date: | May 26
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 2%
|
| 2013 | Serial | 2%
|
| 2014 | Serial | 2%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 3%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 3%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 3%
|
| 2021 | Serial | 4.5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 5%
|
| 2026 | Serial | 5%
|
| 2027 | Serial | 5%
|
| 2028 | Serial | 5%
|
| 2029 | Serial | 5%
|
| 2030 | Serial | 5%
|
| 2031 | Serial | 4.25%
|
| 2031 | Serial | 5%
|
| 2036 | Term | 5%
|
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