Published on 5/30/2012 in the Prospect News Municipals Daily.
New Issue: Hillsborough County, Fla., prices $67.45 million capital improvement revenue bonds
By Sheri Kasprzak
New York, May 30 - Hillsborough County of Florida sold $67,445,000 of series 2012 capital improvement program revenue bonds Wednesday, according to a pricing sheet.
The bonds (Aa2/AA+/AA+) were sold competitively. The issuer did not return calls requesting the winning bidder.
The bonds are due 2013 to 2026 with 2% to 5% coupons.
Proceeds will be used for the construction, equipment and acquisition of a county jail, additional county service center facilities, recreational park improvements, storm water utility improvements and transportation improvements, as well as to refinance commercial paper notes.
| Issuer: | Hillsborough County, Fla.
|
| Issue: | Series 2012 capital improvement program revenue bonds
|
| Amount: | $67,445,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | May 30
|
| Settlement date: | June 21
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,625,000 | 2013 | Serial | 2% | 101.828
|
| $3.7 million | 2014 | Serial | 3% | 105.048
|
| $3.81 million | 2015 | Serial | 4% | 110.104
|
| $3,965,000 | 2016 | Serial | 5% | 116.686
|
| $4.16 million | 2017 | Serial | 5% | 119.275
|
| $4.37 million | 2018 | Serial | 5% | 121.143
|
| $4.59 million | 2019 | Serial | 5% | 122.464
|
| $4.82 million | 2020 | Serial | 5% | 122.777
|
| $5.06 million | 2021 | Serial | 5% | 123.279
|
| $5.31 million | 2022 | Serial | 5% | 123.926
|
| $5,575,000 | 2023 | Serial | 5% | 122.411
|
| $5,855,000 | 2024 | Serial | 5% | 121.116
|
| $6.15 million | 2025 | Serial | 5% | 119.936
|
| $6,455,000 | 2026 | Serial | 5% | 119.156
|
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