Published on 1/30/2013 in the Prospect News Municipals Daily.
New Issue: Hawaii County, Hawaii, brings $97.23 million of G.O. bonds
By Sheri Kasprzak
New York, Jan. 30 - Hawaii County, Hawaii, sold $97,225,000 of series 2013 general obligation bonds, said a pricing sheet.
The deal included $59,525,000 of series 2013A bonds, $20,215,000 of series 2013B bonds and $17,485,000 of series 2013C bonds.
The 2013A bonds are due 2013 to 2032 with 2% to 5% coupons. The 2013B bonds are due 2014 to 2023 with coupons from 3% to 5%. The 2013C bonds are due 2015 to 2024 with coupons from 4% to 5%.
The bonds (Aa2/AA-/AA-) were sold through Bank of America Merrill Lynch.
Proceeds will be used to repay bond anticipation notes and to refund existing G.O. debt.
| Issuer: | Hawaii County, Hawaii
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $97,225,000
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 12
|
|
|
| $59,525,000 series 2013A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.74 million | 2013 | Serial | 2% | 100.954
|
| $1,925,000 | 2014 | Serial | 4% | 105.631
|
| $1,995,000 | 2015 | Serial | 4% | 108.76
|
| $2,085,000 | 2016 | Serial | 5% | 114.986
|
| $2,195,000 | 2017 | Serial | 5% | 118.444
|
| $2,305,000 | 2018 | Serial | 5% | 121.191
|
| $2,425,000 | 2019 | Serial | 5% | 122.745
|
| $2.55 million | 2020 | Serial | 5% | 124.096
|
| $2.68 million | 2021 | Serial | 5% | 125.17
|
| $2,815,000 | 2022 | Serial | 5% | 125.968
|
| $2.96 million | 2023 | Serial | 5% | NRO
|
| $3,115,000 | 2024 | Serial | 5% | NRO
|
| $3,275,000 | 2025 | Serial | 5% | NRO
|
| $3.44 million | 2026 | Serial | 5% | NRO
|
| $3,615,000 | 2027 | Serial | 5% | NRO
|
| $3.8 million | 2028 | Serial | 5% | NRO
|
| $3,955,000 | 2029 | Serial | 5% | NRO
|
| $4,075,000 | 2030 | Serial | 5% | NRO
|
| $4.2 million | 2031 | Serial | 5% | NRO
|
| $4,375,000 | 2032 | Serial | 5% | NRO
|
|
|
| $20,215,000 series 2013B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,625,000 | 2014 | Serial | 4% | 105.631
|
| $400,000 | 2015 | Serial | 3% | 106.228
|
| $1,285,000 | 2015 | Serial | 4% | 108.76
|
| $260,000 | 2016 | Serial | 3% | 107.983
|
| $1.5 million | 2016 | Serial | 5% | 114.986
|
| $1,855,000 | 2017 | Serial | 5% | 118.444
|
| $1.95 million | 2018 | Serial | 5% | 121.191
|
| $20,000 | 2019 | Serial | 3% | 110.247
|
| $2,025,000 | 2019 | Serial | 4% | 116.496
|
| $150,000 | 2020 | Serial | 3% | 109.922
|
| $2 million | 2020 | Serial | 4% | 117.009
|
| $120,000 | 2021 | Serial | 3% | 109.389
|
| $2,145,000 | 2021 | Serial | 4% | 117.279
|
| $2.38 million | 2022 | Serial | 5% | 125.968
|
| $2.5 million | 2023 | Serial | 3% | NRO
|
|
|
| $17,485,000 series 2013C bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.39 million | 2015 | Serial | 4% | 108.76
|
| $1,455,000 | 2016 | Serial | 4% | 111.484
|
| $1,525,000 | 2017 | Serial | 5% | 118.444
|
| $1,605,000 | 2018 | Serial | 4% | 115.812
|
| $1,685,000 | 2019 | Serial | 4% | 116.496
|
| $1,775,000 | 2020 | Serial | 4% | 117.009
|
| $1,865,000 | 2021 | Serial | 4% | 117.279
|
| $1.96 million | 2022 | Serial | 4% | 117.311
|
| $2.06 million | 2023 | Serial | 4% | NRO
|
| $2,165,000 | 2024 | Serial | 4% | NRO
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
