By Sheri Kasprzak
New York, Aug. 17 - The Town of Hamden, Conn., sold on Wednesday $59.775 million of series 2011 general obligation bonds and bond anticipation notes, said a pricing sheet.
The offering included $34 million of series 2011A G.O. bonds, $24.815 million series 2011A bond anticipation notes and $960,000 of series 2011B taxable BANs.
The 2011A bonds are due 2012 to 2025 with a term bond due in 2031. The serial coupons range from 2% to 4%. The 2031 bonds have a 4.25% coupon priced at 96.727.
The 2011A BANs are due Aug. 23, 2012 and have a 3% coupon priced at 102.08, and the 2011B BANs are due Aug. 23, 2012 and have a 3% priced at 100.982.
Morgan Keegan & Co. Inc. was the senior manager for the bonds (A2/A/A).
Proceeds will be used to pay for capital improvements and to refund outstanding G.O. bonds.
| Issuer: | Town of Hamden, Conn.
|
| Issue: | Series 2011 general obligation bonds and bond anticipation notes
|
| Amount: | $59.775 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Keegan & Co. Inc. (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 24
|
|
|
| $34 million series 2011A G.O. bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.23 million | 2012 | Serial | 2% | 101.506
|
| $1.27 million | 2013 | Serial | 2% | 102.247
|
| $1.75 million | 2014 | Serial | 3% | 105.847
|
| $1.75 million | 2015 | Serial | 3% | 106.966
|
| $1.75 million | 2016 | Serial | 4% | 111.179
|
| $1.75 million | 2017 | Serial | 4% | 111.031
|
| $1.75 million | 2018 | Serial | 4% | 110.084
|
| $1.75 million | 2019 | Serial | 4% | 108.821
|
| $1.75 million | 2020 | Serial | 4% | 107.816
|
| $1.75 million | 2021 | Serial | 3% | 98.723
|
| $1.75 million | 2022 | Serial | 3% | 96.807
|
| $1.75 million | 2023 | Serial | 3.25% | 96.618
|
| $1.75 million | 2024 | Serial | 3.5% | 97.449
|
| $1.75 million | 2025 | Serial | 3.5% | 95.721
|
| $10.5 million | 2031 | Term | 4.25% | 96.727
|
|
|
| $24.815 million series 2011A BANs
|
| Maturity | Type | Coupon | Price
|
| Aug. 23, 2012 | Term | 3% | 102.08
|
|
|
| $960,000 series 2011B taxable BANs
|
| Maturity | Type | Coupon | Price
|
| Aug. 23, 2012 | Term | 3% | 100.982
|
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