Published on 1/17/2013 in the Prospect News Municipals Daily.
New Issue: Frederick, Md., prices $53.42 million G.O. improvement refunding bonds
By Sheri Kasprzak
New York, Jan. 17 - The City of Frederick, Md., sold $53,415,000 of series 2013 general obligation improvement refunding bonds, said a pricing sheet.
The bonds (Aa2//AA+) were sold competitively. The issuer did not respond to requests for the winning bidder by press time Thursday.
The bonds are due 2013 to 2025 with 2% to 5% coupons.
Proceeds will be used to refund the city's series 2002 and 2005 G.O. improvement bonds.
| Issuer: | City of Frederick, Md.
|
| Issue: | Series 2013 general obligation improvement refunding bonds
|
| Amount: | $53,415,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA+
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $755,000 | 2013 | Serial | 3% | 100.249
|
| $1,065,000 | 2013 | Serial | 3% | 101.635
|
| $1.11 million | 2014 | Serial | 4% | 105.827
|
| $1,165,000 | 2015 | Serial | 4% | 109.208
|
| $4.47 million | 2016 | Serial | 5% | 115.791
|
| $4.66 million | 2017 | Serial | 5% | 119.484
|
| $4,875,000 | 2018 | Serial | 5% | 122.603
|
| $5.12 million | 2019 | Serial | 5% | 125.226
|
| $5,385,000 | 2020 | Serial | 5% | 127.151
|
| $5,645,000 | 2021 | Serial | 5% | 128.569
|
| $5,935,000 | 2022 | Serial | 5% | 129.802
|
| $4,335,000 | 2023 | Serial | 2% | 101.311
|
| $4.41 million | 2024 | Serial | 2% | 100
|
| $4,485,000 | 2025 | Serial | 2% | 98.898
|
© 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.
