By Sheri Kasprzak
New York, Oct. 17 – The City of Hartford, Conn., sold $132 million of series 2014 general obligation bonds and bond anticipation notes, according to a pricing sheet.
The deal included $82 million of series 2014B G.O. bonds and $50 million of series 2014 G.O. BANs.
The bonds are due 2016 to 2034 with 3% to 5% coupons and yields from 0.52% to 3.06%.
The notes are due Oct. 27, 2015 and have a 2% coupon priced at 101.538 to yield 0.45%.
The bonds and notes (A2/VMIG2/AA-/SP-1/) were sold through William Blair & Co.
Proceeds will be used to finance capital improvement projects, including school projects within the city.
| Issuer: | City of Hartford, Conn.
|
| Issue: | Series 2014 general obligation bonds and bond anticipation notes
|
| Amount: | $132 million
|
| Type: | Negotiated
|
| Underwriters: | William Blair & Co. (lead), Piper Jaffray & Co. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Ratings: | Moody’s: A2/VMIG2
|
| Standard & Poor’s: AA-/SP-1
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 28
|
|
|
| $82 million series 2014B G.O. bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| 2016 | Serial | 5% | 108.569 | 0.52%
|
| 2017 | Serial | 5% | 112.241 | 0.76%
|
| 2018 | Serial | 5% | 115.273 | 1.02%
|
| 2019 | Serial | 5% | 117.699 | 1.28%
|
| 2020 | Serial | 5% | 119.645 | 1.52%
|
| 2021 | Serial | 5% | 120.817 | 1.79%
|
| 2022 | Serial | 5% | 121.557 | 2.04%
|
| 2023 | Serial | 5% | 122.848 | 2.17%
|
| 2024 | Serial | 5% | 123.735 | 2.31%
|
| 2025 | Serial | 5% | 122.344 | 2.45%
|
| 2026 | Serial | 5% | 121.068 | 2.58%
|
| 2027 | Serial | 5% | 120.291 | 2.66%
|
| 2028 | Serial | 5% | 119.809 | 2.71%
|
| 2029 | Serial | 3% | 97.756 | 3.19%
|
| 2030 | Serial | 3% | 96.909 | 3.25%
|
| 2031 | Serial | 5% | 118.185 | 2.88%
|
| 2032 | Serial | 5% | 117.524 | 2.95%
|
| 2033 | Serial | 5% | 116.961 | 3.01%
|
| 2034 | Serial | 5% | 116.495 | 3.06%
|
|
|
| $50 million series 2014 G.O. bond anticipation notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Oct. 27, 2015 | Term | 2% | 101.538 | 0.45%
|
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