By Sheri Kasprzak
New York, July 14 - The Fairfax County Economic Development Authority of Virginia came to market with $99.43 million of series 2011 Wiehle Avenue Metrorail Station Parking project revenue bonds, said a pricing sheet.
The bonds (Aa2/AA+/) were sold competitively.
The bonds are due 2015 to 2032 with a term bond due in 2034. The serial coupons range from 2% to 5%. The 2034 bonds have a 4.5% coupon priced at 98.
Proceeds will be used to finance or reimburse the county for the costs of constructing a parking area in Reston, Va., for the Dulles Corridor of the Washington Area Metropolitan Transit Authority's Metrorail system.
| Issuer: | Fairfax County Economic Development Authority
|
| Issue: | Series 2011 Wiehle Avenue Metrorail Station Parking project revenue bonds
|
| Amount: | $99.43 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Pricing date: | July 14
|
| Settlement date: | July 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.275 million | 2015 | Serial | 2% | 102.33
|
| $3.39 million | 2016 | Serial | 5% | 115.831
|
| $3.545 million | 2017 | Serial | 4% | 111.09
|
| $3.71 million | 2018 | Serial | 5% | 116.609
|
| $3.86 million | 2019 | Serial | 3% | 101.785
|
| $4.02 million | 2020 | Serial | 5% | 115.77
|
| $4.19 million | 2021 | Serial | 3.25% | 99.914
|
| $4.365 million | 2022 | Serial | 5% | 112.821
|
| $4.555 million | 2023 | Serial | 3.5% | 98.074
|
| $4.73 million | 2024 | Serial | 4% | 101.208
|
| $4.92 million | 2025 | Serial | 4% | 100.225
|
| $5.12 million | 2026 | Serial | 4% | 99.219
|
| $5.33 million | 2027 | Serial | 4% | 98.143
|
| $5.55 million | 2028 | Serial | 4.125% | 98.496
|
| $5.79 million | 2029 | Serial | 4.25% | 98.882
|
| $6.04 million | 2030 | Serial | 4.25% | 98
|
| $6.31 million | 2031 | Serial | 4.5% | 99.607
|
| $6.6 million | 2032 | Serial | 4.5% | 98.661
|
| $14.13 million | 2034 | Term | 4.5% | 98
|
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