By Sheri Kasprzak
New York, Oct. 21 - The Metropolitan District of Hartford, Conn., sold $60 million in series 2009 general obligation bond anticipation notes on Wednesday, according to a term sheet.
The bonds (/SP-1+/) were sold on a competitive basis. Calls to the district for the winning bidder were not immediately returned.
The bonds are due July 15, 2010 and have a 1.5% coupon, priced at 100.76.
Proceeds will be used to fund general capital expenditures ahead of a subsequent bond sale.
| Issuer: | Metropolitan District of Hartford
|
| Issue: | Series 2009 general obligation bond anticipation notes
|
| Amount: | $60 million
|
| Type: | Competitive
|
| Maturity: | July 15, 2010
|
| Coupon: | 1.5%
|
| Price: | 100.76
|
| Rating: | Standard & Poor's: SP-1+
|
| Pricing date: | Oct. 21
|
| Settlement date: | Nov. 10
|
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