By Sheri Kasprzak
New York, July 28 - Frederick County in Maryland sold $71.815 million of series 2011 public facilities general obligation bonds, according to a pricing sheet.
The offering included $55.81 million of series 2011A bonds and $16.005 million of series 2011B bonds.
The 2011A bonds are due 2013 to 2031 with 2.5% to 5% coupons and yields from 0.43% to 4.05%. The 2011B refunding bonds are due 2013 to 2017 with 2% to 4% coupons and 0.43% to 1.59% yields.
Bank of America Merrill Lynch was the winning bidder for the competitive sale.
Proceeds will be used to finance capital projects and advance refund debt.
| Issuer: | Frederick County, Md.
|
| Issue: | Series 2011 public facilities general obligation bonds
|
| Amount: | $71.815 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AAA
|
| Pricing date: | July 21
|
| Settlement date: | Aug. 4
|
|
|
| $55.81 million series 2011A bonds
|
| Amount | Maturity | Type | Coupon | Yield
|
| $2.045 million | 2013 | Serial | 2.5% | 0.43%
|
| $2.09 million | 2014 | Serial | 3% | 0.68%
|
| $2.14 million | 2015 | Serial | 4% | 0.95%
|
| $2.205 million | 2016 | Serial | 4% | 1.26%
|
| $2.275 million | 2017 | Serial | 5% | 1.59%
|
| $2.355 million | 2018 | Serial | 5% | 1.97%
|
| $2.45 million | 2019 | Serial | 5% | 2.30%
|
| $2.55 million | 2020 | Serial | 5% | 2.54%
|
| $2.655 million | 2021 | Serial | 5% | 2.71%
|
| $2.775 million | 2022 | Serial | 4% | 3.00%
|
| $2.92 million | 2023 | Serial | 3% | 3.21%
|
| $3.07 million | 2024 | Serial | 3.25% | 3.40%
|
| $3.225 million | 2025 | Serial | 4% | 3.53%
|
| $3.39 million | 2026 | Serial | 3.5% | 3.62%
|
| $3.565 million | 2027 | Serial | 3.5% | 3.71%
|
| $3.75 million | 2028 | Serial | 4% | 3.80%
|
| $3.94 million | 2029 | Serial | 4% | 3.89%
|
| $4.12 million | 2030 | Serial | 4% | 3.98%
|
| $4.29 million | 2031 | Serial | 4% | 4.05%
|
|
|
| $16.005 million series 2011B bonds
|
| Amount | Maturity | Type | Coupon | Yield
|
| $2.605 million | 2013 | Serial | 2% | 0.43%
|
| $3.17 million | 2014 | Serial | 3% | 0.68%
|
| $3.28 million | 2015 | Serial | 3% | 0.95%
|
| $3.4 million | 2016 | Serial | 4% | 1.26%
|
| $3.55 million | 2017 | Serial | 4% | 1.59%
|
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