Published on 3/14/2013 in the Prospect News Municipals Daily.
New Issue: Fort Wayne, Ind., prices $75.22 million of sewage works revenue bonds
By Sheri Kasprzak
New York, March 14 - The City of Fort Wayne, Ind., sold $75,215,000 of series 2013 sewage works revenue bonds, according to a pricing sheet.
The bonds were sold competitively, but the issuer did not immediately return calls for the winning bidder.
The bonds are due 2024 to 2029 with term bonds due in 2031 and 2033. The serial coupons range from 1.95% to 3.5% with 1.95% to 3.4% yields. The 2031 bonds have a 3.5% coupon priced at par and the 2033 bonds have a 3.625%% coupon priced at par.
Proceeds will be used to upgrade water treatment facilities.
| Issuer: | City of Fort Wayne, Ind.
|
| Issue: | Series 2013 sewage works revenue bonds
|
| Amount: | $75,215,000
|
| Type: | Competitive
|
| Pricing date: | March 14
|
| Settlement date: | March 27
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $32,955,000 | 2024 | Serial | 1.95% | 1.95%
|
| $4,165,000 | 2025 | Serial | 3.5% | 2.85%
|
| $4,285,000 | 2026 | Serial | 3.5% | 3.10%
|
| $4,405,000 | 2027 | Serial | 3.5% | 3.25%
|
| $4,535,000 | 2028 | Serial | 3.5% | 3.28%
|
| $4.67 million | 2029 | Serial | 3.5% | 3.40%
|
| $9.78 million | 2031 | Term | 3.5% | 3.50%
|
| $10.42 million | 2033 | Term | 3.625% | 3.625%
|
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