By Sheri Kasprzak
New York, Dec. 17 - Hennepin County of Minnesota priced $102.81 million of series 2010E sales tax general obligation bonds on Monday, according to a pricing sheet.
The bonds (Aaa//AAA) were sold competitively.
The bonds are due 2012 to 2030 with 4% to 5% coupons.
Proceeds will be used to fund a loan to the Counties Transit Improvement Board, a joint powers board of the state, which will pledge its portion of sales tax revenues for the repayment of the bonds. The board will loan the money to make capital grants for transit projects in the five member counties, including Hennepin.
| Issuer: | Hennepin County, Minn.
|
| Issue: | Series 2010E sales tax general obligation bonds
|
| Amount: | $102.81 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.545 million | 2012 | Serial | 4% | NRO
|
| $3.685 million | 2013 | Serial | 4% | NRO
|
| $3.835 million | 2014 | Serial | 4% | 110.236
|
| $3.99 million | 2015 | Serial | 4% | 111.293
|
| $4.15 million | 2016 | Serial | 5% | 117.508
|
| $4.355 million | 2017 | Serial | 5% | 117.32
|
| $4.57 million | 2018 | Serial | 5% | 117.038
|
| $4.8 million | 2019 | Serial | 5% | 116.326
|
| $5.04 million | 2020 | Serial | 5% | 114.288
|
| $5.295 million | 2021 | Serial | 5% | 112.457
|
| $5.56 million | 2022 | Serial | 4% | NRO
|
| $5.78 million | 2023 | Serial | 4% | NRO
|
| $6.01 million | 2024 | Serial | 4.25% | NRO
|
| $6.265 million | 2025 | Serial | 4.25% | NRO
|
| $6.535 million | 2026 | Serial | 4.375% | NRO
|
| $6.82 million | 2027 | Serial | 5% | 107.091
|
| $7.16 million | 2028 | Serial | 5% | NRO
|
| $7.52 million | 2029 | Serial | 5% | NRO
|
| $7.895 million | 2030 | Serial | 5% | 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.
