Published on 5/13/2015 in the Prospect News Municipals Daily.
New Issue: Franklin County, Ohio, brings $68.34 million limited tax refunding deal
By Sheri Kasprzak
New York, May 13 – Franklin County, Ohio, priced $68.34 million of series 2015 limited tax general obligation refunding bonds, according to a pricing sheet.
The bonds (Aaa/AAA/) were sold through Wells Fargo Securities LLC.
The bonds are due 2018 and 2025 to 2031 with 3.125% to 5% coupons.
Proceeds will be used to current refund the county’s series 2007 G.O. bonds for an estimated 9.7% interest savings.
| Issuer: | Franklin County, Ohio
|
| Issue: | Series 2015 limited tax general obligation refunding bonds
|
| Amount: | $68.34 million
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Pricing date: | May 13
|
| Settlement date: | June 3
|
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|
| Amount | Maturity | Type | Coupon | Price
|
| $4.97 million | 2018 | Serial | 5% | 112.93
|
| $7,135,000 | 2025 | Serial | 5% | 122.537
|
| $8.32 million | 2026 | Serial | 5% | 120.693
|
| $8,735,000 | 2027 | Serial | 5% | 119.684
|
| $9,175,000 | 2028 | Serial | 5% | 118.883
|
| $9,635,000 | 2029 | Serial | 3.125% | 97.658
|
| $9.94 million | 2030 | Serial | 5% | 117.793
|
| $10.43 million | 2031 | Serial | 5% | 117.203
|
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