Published on 3/12/2014 in the Prospect News Municipals Daily.
New Issue: Fairfax County Economic Development, Va., prices $55.88 million bonds
By Sheri Kasprzak
New York, March 12 - The Fairfax County Economic Development Authority of Virginia sold $55,875,000 of series 2014 Commonwealth of Virginia lease revenue refunding bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AA+) were sold competitively. The issuer refused to comment on the winning bidder Wednesday.
The bonds are due 2014 to 2022 with 1% to 5% coupons.
Proceeds will be used to refund, redeem and defease all of the authority's series 2006 lease revenue bonds.
| Issuer: | Fairfax County Economic Development Authority
|
| Issue: | Series 2014 Commonwealth of Virginia lease revenue refunding bonds
|
| Amount: | $55,875,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | March 12
|
| Settlement date: | March 26
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $5.71 million | 2014 | Serial | 1% | 100.135
|
| $5,425,000 | 2015 | Serial | 3% | 103.175
|
| $5.59 million | 2016 | Serial | 5% | 109.999
|
| $5.87 million | 2017 | Serial | 5% | 113.648
|
| $6,165,000 | 2018 | Serial | 5% | 116.475
|
| $6.47 million | 2019 | Serial | 5% | 118.487
|
| $6,795,000 | 2020 | Serial | 5% | 119.278
|
| $7,135,000 | 2021 | Serial | 5% | 119.269
|
| $6,715,000 | 2022 | Serial | 5% | 118.947
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
