Published on 2/21/2013 in the Prospect News Municipals Daily.
New Issue: Henrico County, Va., sells $68.41 million water and sewer bonds
By Sheri Kasprzak
New York, Feb. 21 - Henrico County, Va., sold $68.41 million of series 2013 water and sewer system revenue refunding bonds, according to a pricing sheet.
The bonds (Aa1/AAA/AAA) were sold through Davenport & Co. LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC.
The bonds are due 2014 to 2036 with coupons from 1% to 5%.
Proceeds will be used to refund the county's series 2006A water and sewer system revenue bonds.
| Issuer: | Henrico County, Va.
|
| Issue: | Series 2013 water and sewer system revenue refunding bonds
|
| Amount: | $68.41 million
|
| Type: | Negotiated
|
| Underwriters: | Davenport & Co. LLC, Raymond James/Morgan Keegan and Wells Fargo Securities LLC
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Feb. 21
|
| Settlement date: | March 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $210,000 | 2014 | Serial | 2% | 101.973
|
| $215,000 | 2015 | Serial | 2% | 103.399
|
| $220,000 | 2016 | Serial | 2% | 104.425
|
| $2.23 million | 2017 | Serial | 4% | 113.43
|
| $100,000 | 2018 | Serial | 1% | 100.3
|
| $2.22 million | 2018 | Serial | 4% | 115.347
|
| $450,000 | 2019 | Serial | 1% | 98.934
|
| $1.96 million | 2019 | Serial | 4% | 116.68
|
| $400,000 | 2020 | Serial | 2.5% | 107.246
|
| $2,095,000 | 2020 | Serial | 5% | 124.18
|
| $100,000 | 2021 | Serial | 1.5% | 99.01
|
| $800,000 | 2021 | Serial | 3% | 110.414
|
| $1,705,000 | 2021 | Serial | 4% | 118.017
|
| $2,705,000 | 2022 | Serial | 5% | 126.785
|
| $2,835,000 | 2023 | Serial | 5% | 127.643
|
| $2.98 million | 2024 | Serial | 5% | 126.696
|
| $2.13 million | 2025 | Serial | 4% | 114.625
|
| $1 million | 2025 | Serial | 5% | 125.757
|
| $3.26 million | 2026 | Serial | 4% | 113.755
|
| $2.39 million | 2027 | Serial | 4% | 112.988
|
| $1 million | 2027 | Serial | 5% | 124.211
|
| $3.54 million | 2028 | Serial | 4% | 112.321
|
| $3.68 million | 2029 | Serial | 4% | 111.753
|
| $3.83 million | 2030 | Serial | 4% | 111.189
|
| $3.98 million | 2031 | Serial | 4% | 110.722
|
| $4.14 million | 2032 | Serial | 4% | 110.256
|
| $4,305,000 | 2033 | Serial | 4% | 109.793
|
| $4,475,000 | 2034 | Serial | 4% | 109.24
|
| $4,655,000 | 2035 | Serial | 3.125% | 97.262
|
| $4.8 million | 2036 | Serial | 3.125% | 96.237
|
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