Published on 2/9/2012 in the Prospect News Municipals Daily.
New Issue: Frederick County, Md., sells $85.08 million of G.O. refunding bonds
By Sheri Kasprzak
New York, Feb. 9 - Frederick County, Md., brought to market $85,075,000 of series 2012 general obligation public facilities refunding bonds on Thursday, according to a pricing sheet.
The bonds (/AA+/) were sold competitively with Citigroup Global Markets Inc. winning the bid.
The bonds are due 2014 to 2024 with 2% to 4% coupons.
Proceeds will be used to advance refund outstanding bonds.
| Issuer: | Frederick County, Md.
|
| Issue: | Series 2012 general obligation public facilities refunding bonds
|
| Amount: | $85,075,000
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| Rating: | Standard & Poor's: AA+
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.57 million | 2014 | Serial | 2% | 104.127
|
| $2,235,000 | 2015 | Serial | 2% | 105.283
|
| $2.29 million | 2016 | Serial | 3% | 110.635
|
| $5.91 million | 2017 | Serial | 4% | 117.58
|
| $11,335,000 | 2018 | Serial | 4% | 118.662
|
| $9.38 million | 2019 | Serial | 4% | 119.475
|
| $9.72 million | 2020 | Serial | 4% | 119.746
|
| $10.08 million | 2021 | Serial | 4% | 119.785
|
| $10.46 million | 2022 | Serial | 4% | 120.008
|
| $10,855,000 | 2023 | Serial | 4% | 120.357
|
| $11.24 million | 2024 | Serial | 4% | 120.946
|
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