Published on 7/8/2015 in the Prospect News Municipals Daily.
New Issue: Hillsborough County, Fla., prices $139.22 million of refunding bonds
By Sheri Kasprzak
New York, July 8 – Hillsborough County, Fla., priced $139,215,000 of series 2015 community investment tax refunding revenue bonds, according to a pricing sheet.
The bonds (A1/AA/AA) were sold competitively.
The bonds are due 2016 to 2025 with 3% to 5% coupons and yields from 0.48% to 2.6%.
Proceeds will be used to advance refund the county’s series 2007 community investment tax revenue bonds and to refund outstanding commercial paper.
| Issuer: | Hillsborough County, Fla.
|
| Issue: | Series 2015 community investment tax refunding revenue bonds
|
| Amount: | $139,215,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: AA
|
| Fitch: AA
|
| Pricing date: | July 8
|
| Settlement date: | July 29
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.48 million | 2016 | Serial | 3% | 103.15 | 0.48%
|
| $2,605,000 | 2017 | Serial | 4% | 107.137 | 0.80%
|
| $13.97 million | 2018 | Serial | 5% | 112.436 | 1.10%
|
| $14.68 million | 2019 | Serial | 5% | 115.178 | 1.32%
|
| $15.42 million | 2020 | Serial | 5% | 117.015 | 1.61%
|
| $16,205,000 | 2021 | Serial | 5% | 118.199 | 1.90%
|
| $17,085,000 | 2022 | Serial | 5% | 118.9 | 2.17%
|
| $17,845,000 | 2023 | Serial | 5% | 119.777 | 2.35%
|
| $18,705,000 | 2024 | Serial | 5% | 120.814 | 2.47%
|
| $20.22 million | 2025 | Serial | 5% | 121.479 | 2.60%
|
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