Published on 8/23/2012 in the Prospect News Municipals Daily.
New Issue: Frederick County, Md., prices $61.37 million public facilities bonds
By Sheri Kasprzak
New York, Aug. 23 - Frederick County, Md., sold $61.37 million of series 2012B general obligation public facilities taxable refunding bonds, according to a pricing sheet.
The bonds (Aa1//AAA) were sold competitively with Raymond James/Morgan Keegan winning the bid with a 1.335% true interest cost, said Lori Depies, finance director for the county.
The bonds are due 2014 to 2020 with 1% to 1.66% coupons.
Proceeds will be used to advance refund county bonds.
| Issuer: | Frederick County, Md.
|
| Issue: | Series 2012B general obligation public facilities taxable refunding bonds
|
| Amount: | $61.37 million
|
| Type: | Competitive
|
| Underwriter: | Raymond James/Morgan Keegan
|
| True interest cost: | 1.335%
|
| Ratings: | Moody's: Aa1
|
| Fitch: AAA
|
| Pricing date: | Aug. 23
|
| Settlement date: | Sept. 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.6 million | 2014 | Serial | 1% | 101.059
|
| $1,855,000 | 2015 | Serial | 1% | 100.716
|
| $12,825,000 | 2016 | Serial | 1.25% | 101.339
|
| $12,975,000 | 2017 | Serial | 1.08% | 100
|
| $13,135,000 | 2018 | Serial | 1.28% | 100
|
| $13.13 million | 2019 | Serial | 1.54% | 100
|
| $5.67 million | 2020 | Serial | 1.66% | 100
|
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