Published on 9/28/2011 in the Prospect News Municipals Daily.
New Issue: Metropolitan District of Hartford County, Conn., sells $102.13 million of BANs
By Sheri Kasprzak
New York, Sept. 28 - The Metropolitan District of Hartford County, Conn., priced on Wednesday $102.134 million of series 2011 general obligation bond anticipation notes, according to a pricing sheet.
The offering included $42.134 million of notes due April 16, 2012, with a 1.5% coupon priced at 100.702 to yield 0.175%, and $60 million of notes due April 16, 2012, with a 1% coupon to yield 0.17%.
The notes (Aa1/AA+) were sold competitively with J.P. Morgan Securities LLC winning the bid.
Proceeds will be used to refund the district's BANs, which are due Oct. 5, 2011.
| Issuer: | Metropolitan District of Hartford County, Conn.
|
| Issue: | Series 2011 general obligation bond anticipation notes
|
| Amount: | $102.134 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $42.134 million | April 16, 2012 | Term | 1.5% | 0.175%
|
| $60 million | April 16, 2012 | Term | 1% | 0.17%
|
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