By Aaron Hochman-Zimmerman
New York, Aug. 6 - Fulton County Facilities Corp., Ga., announced the pricing of $110.885 million series 2009 refunding certificates of participation (A1/AA-/AA-) at a 3.613% true interest cost on Wednesday, according to Bryce Holcomb, director of public finance for Citigroup Global Markets Inc. in Atlanta.
The bonds, which carry non-callable serial maturities from 2011 to 2019, have coupons from 3% to 5% with yields from 1.73% to 4.09%.
Citigroup Global Markets Inc. acted as lead underwriter for the negotiated deal.
Proceeds will be used to refund the corporation's series 1999 bonds.
The Fulton County Facilities Corp. is located in Atlanta.
| Issuer: | Fulton County Facilities Corp.
|
| Issue: | Series 2009 refunding certificates of participation
|
| Amount: | $110.885 million
|
| Maturities: | 2011 to 2019
|
| True interest cost: | 3.613%
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Type: | Negotiated
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 13
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
|
|
| Serial bonds
|
| Maturity | Amount | Coupon | Yield
|
| 2011 | $7.450 million | 3.00% | 1.73%
|
| 2012 | $7.315 million | 5.00% | 2.01%
|
| 2013 | $7.665 million | 5.00% | 2.38%
|
| 2014 | $8.015 million | 5.00% | 2.82%
|
| 2015 | $390,000 | 3.00% | 3.10%
|
| 2015 | $8.015 million | 5.00% | 3.10%
|
| 2016 | $2.380 million | 3.50% | 3.38%
|
| 2016 | $14.380 million | 5.00% | 3.38%
|
| 2017 | $4.000 million | 4.00% | 3.64%
|
| 2017 | $13.560 million | 5.00% | 3.64%
|
| 2018 | $18.400 million | 5.00% | 3.89%
|
| 2019 | $19.315 million | 5.00% | 4.09%
|
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