By Sheri Kasprzak
New York, Aug. 18 - Henrico County, Va., priced $66.075 million of series 2011 public improvement general obligation bonds, according to a term sheet.
The bonds (Aaa/AAA/AAA) were sold competitively with Barclays Capital Inc. winning the bid with a 2.838% true interest cost.
The bonds are due 2012 to 2031 with 2% to 5% coupons.
Proceeds will be used to make improvements to school facilities, libraries, fire stations and facilities, parks and recreational facilities and various roads.
| Issuer: | Henrico County, Va.
|
| Issue: | Series 2011 public improvement general obligation bonds
|
| Amount: | $66.075 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc. (winner)
|
| TIC: | 2.838%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Aug. 18
|
| Settlement date: | Sept. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.3 million | 2012 | Serial | 2% | 101.647
|
| $3.3 million | 2013 | Serial | 3% | 105.156
|
| $3.3 million | 2014 | Serial | 4% | 110.489
|
| $3.305 million | 2015 | Serial | 5% | 117.388
|
| $3.305 million | 2016 | Serial | 5% | 119.941
|
| $3.305 million | 2017 | Serial | 5% | 121.895
|
| $3.305 million | 2018 | Serial | 5% | 123.059
|
| $3.305 million | 2019 | Serial | 5% | 123.76
|
| $3.305 million | 2020 | Serial | 5% | 124.479
|
| $3.305 million | 2021 | Serial | 5% | 125.126
|
| $3.305 million | 2022 | Serial | 5% | 125.164
|
| $3.305 million | 2023 | Serial | 5% | 124.805
|
| $3.305 million | 2024 | Serial | 3% | 99.151
|
| $3.305 million | 2025 | Serial | 3% | 97.656
|
| $3.305 million | 2026 | Serial | 5% | 124.866
|
| $3.305 million | 2027 | Serial | 5% | 124.728
|
| $3.305 million | 2028 | Serial | 3.25% | 96.826
|
| $3.305 million | 2029 | Serial | 3.5% | 99.077
|
| $3.3 million | 2030 | Serial | 3.5% | 97.693
|
| $3.3 million | 2031 | Serial | 3.5% | 96.511
|
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