By Sheri Kasprzak
New York, July 13 - Hawaii County, Hawaii, priced $60 million of series 2010 general obligation bonds (Aa2/AA-/AA-), according to a term sheet.
The sale included $7.95 million of series 2010A tax-exempt bonds and $52.05 million of series 2010B taxable bonds.
The 2010A bonds are due 2015 to 2030 with 4% to 5% coupons. The 2010B bonds are due 2015 to 2030 with coupons from 3.335% to 6.1%, all priced at par.
Bank of America Merrill Lynch was the lead manager.
Proceeds will be used to finance capital improvement projects.
| Issuer: | Hawaii County
|
| Issue: | Series 2010 general obligation bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | July 13
|
| Settlement date: | July 28
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 5% | 114.515
|
| 2016 | Serial | 4% | 110.195
|
| 2017 | Serial | 5% | 116.159
|
| 2018 | Serial | 4% | 109.876
|
| 2019 | Serial | 5% | 116.943
|
| 2020 | Serial | 4% | 108.714
|
| 2021 | Serial | 5% | NRO
|
| 2022 | Serial | 4% | NRO
|
| 2023 | Serial | 4% | NRO
|
| 2024 | Serial | 5% | NRO
|
| 2025 | Serial | 5% | NRO
|
| 2026 | Serial | 5% | NRO
|
| 2027 | Serial | 4% | NRO
|
| 2028 | Serial | 4% | NRO
|
| 2029 | Serial | 5% | NRO
|
| 2030 | Serial | 5% | NRO
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 3.335% | 100
|
| 2016 | Serial | 3.804% | 100
|
| 2017 | Serial | 4.104% | 100
|
| 2018 | Serial | 4.458% | 100
|
| 2019 | Serial | 4.708% | 100
|
| 2020 | Serial | 4.808% | 100
|
| 2021 | Serial | 5.058% | 100
|
| 2022 | Serial | 5.308% | 100
|
| 2023 | Serial | 5.458% | 100
|
| 2024 | Serial | 5.608% | 100
|
| 2025 | Serial | 5.708% | 100
|
| 2026 | Serial | 5.8% | 100
|
| 2027 | Serial | 5.9% | 100
|
| 2028 | Serial | 6% | 100
|
| 2029 | Serial | 6.05% | 100
|
| 2030 | Serial | 6.1% | 100
|
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