Published on 1/10/2012 in the Prospect News Municipals Daily.
New Issue: Fairfax County Water Authority, Va., prices $81.23 million water refunding revenue bonds
By Sheri Kasprzak
New York, Jan. 10 - The Fairfax County Water Authority of Virginia sold $81,225,000 of series 2012 water refunding revenue bonds on Tuesday, said a pricing sheet.
The bonds (Aaa//AAA) were sold through J.P. Morgan Securities LLC.
The bonds are due 2013 to 2029 with 3% to 5% coupons.
Proceeds will be used to refund the authority's series 2002 water revenue bonds.
| Issuer: | Fairfax County Water Authority, Va.
|
| Issue: | Series 2012 water refunding revenue bonds
|
| Amount: | $81,225,000
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC (lead)
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 24
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.35 million | 2013 | Serial | 3% | 103.254
|
| $2,105,000 | 2014 | Serial | 3% | 105.608
|
| $330,000 | 2015 | Serial | 3% | 107.562
|
| $340,000 | 2016 | Serial | 3% | 109.038
|
| $350,000 | 2017 | Serial | 3% | 110.777
|
| $360,000 | 2018 | Serial | 3% | 111.839
|
| $370,000 | 2019 | Serial | 3% | 111.99
|
| $380,000 | 2020 | Serial | 3% | 111.84
|
| $395,000 | 2021 | Serial | 4.25% | 121.695
|
| $410,000 | 2022 | Serial | 4.25% | 121.978
|
| $2,905,000 | 2023 | Serial | 4.25% | 120.027
|
| $6,315,000 | 2023 | Serial | 5% | 126.886
|
| $9.66 million | 2024 | Serial | 5% | 125.112
|
| $10.14 million | 2025 | Serial | 5% | 123.878
|
| $10,635,000 | 2026 | Serial | 5% | 122.254
|
| $11.16 million | 2027 | Serial | 5% | 121.153
|
| $11.72 million | 2028 | Serial | 5% | 120.161
|
| $12.3 million | 2029 | Serial | 5% | 119.18
|
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