Published on 11/21/2014 in the Prospect News Municipals Daily.
New Issue: Hamilton County, Ohio, brings $69.89 million of convention center bonds
By Sheri Kasprzak
New York, Nov. 21 – The Hamilton County Convention Facilities Authority of Ohio sold $69.89 million of series 2014 revenue refunding and improvement bonds, according to a pricing sheet.
The bonds (A2/A/) were sold through senior manager Stifel, Nicolaus & Co. Inc.
The bonds are due 2015 to 2033 with 2% to 5% coupons and 0.42% to 3.6% yields.
Proceeds will be used to finance capital improvements to the convention center, as well as to refund and redeem the authority’s series 2004 revenue bonds.
| Issuer: | Hamilton County Convention Facilities Authority, Ohio
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| Issue: | Series 2014 revenue refunding and improvement bonds
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| Amount: | $69.89 million
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| Type: | Negotiated
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| Underwriters: | Stifel, Nicolaus & Co. Inc. (lead), BofA Merrill Lynch and Loop Capital Markets LLC (co-managers)
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| Ratings: | Moody’s: A2
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| Standard & Poor’s: A
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| Pricing date: | Nov. 14
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| Settlement date: | Dec. 4
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| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.57 million | 2015 | Serial | 2% | 101.561 | 0.42%
|
| $2,595,000 | 2016 | Serial | 5% | 108.573 | 0.66%
|
| $2,725,000 | 2017 | Serial | 5% | 111.917 | 0.95%
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| $2,865,000 | 2018 | Serial | 5% | 114.43 | 1.28%
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| $3,005,000 | 2019 | Serial | 5% | 115.936 | 1.66%
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| $3,155,000 | 2020 | Serial | 5% | 116.737 | 2.02%
|
| $3.31 million | 2021 | Serial | 5% | 116.923 | 2.36%
|
| $3,475,000 | 2022 | Serial | 5% | 117.217 | 2.60%
|
| $3.65 million | 2023 | Serial | 5% | 117.815 | 2.75%
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| $3.83 million | 2024 | Serial | 5% | 116.775 | 2.87%
|
| $4.03 million | 2025 | Serial | 5% | 115.574 | 3.01%
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| $4.23 million | 2026 | Serial | 5% | 114.472 | 3.14%
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| $4.44 million | 2027 | Serial | 5% | 113.716 | 3.23%
|
| $2,915,000 | 2028 | Serial | 4% | 102.662 | 3.65%
|
| $3,215,000 | 2029 | Serial | 4% | 102.276 | 3.70%
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| $705,000 | 2029 | Serial | 5% | 112.884 | 3.33%
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| $4,085,000 | 2030 | Serial | 3.625% | 97.916 | 3.80%
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| $4.23 million | 2031 | Serial | 5% | 111.731 | 3.47%
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| $4,445,000 | 2032 | Serial | 5% | 111.078 | 3.55%
|
| $4,665,000 | 2033 | Serial | 5% | 110.672 | 3.60%
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