By Sheri Kasprzak
New York, Nov. 28 - The Metropolitan District of Hartford County, Conn., sold $246.69 million of series 2012 general obligation bond anticipation notes, according to a term sheet.
The bonds (Aa1/AA+/) were sold competitively. A spokesperson for the district did not immediately return calls for the winning bidder Wednesday.
The deal included $58,925,000 of series 2012A notes and $187,762,000 of series 2012B notes.
The 2012A notes are due Feb. 14, 2013 with a 2.5% coupon priced at 100.443.
The 2012B notes are due Dec. 6, 2013 with a 1.75% coupon priced at 100.834.
Proceeds will be used to finance sewer, water and public improvement projects for the city and county of Hartford.
| Issuer: | Metropolitan District of Hartford County, Conn.
|
| Issue: | Series 2012 general obligation bond anticipation notes
|
| Amount: | $246.69 million
|
| Type: | Competitive
|
| Rating: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 6
|
|
|
| $58,928,000 series 2012A BANs
|
| Maturity | Type | Coupon | Price
|
| Feb. 14, 2013 | Term | 2.5% | 100.443
|
|
|
| $187,762,000 series 2012B BANs
|
| Maturity | Type | Coupon | Price
|
| Dec. 6, 2013 | Term | 1.75% | 100.834
|
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