Published on 7/20/2016 in the Prospect News Municipals Daily.
New Issue: Hillsborough County, Fla., prices $207.8 million utility revenue bonds
By Sheri Kasprzak
New York, July 20 – Hillsborough County, Fla., priced $207,795,000 of series 2016 utility revenue bonds, according to a pricing sheet.
The bonds (Aaa/AA+/AAA) were sold competitively with Wells Fargo Bank, NA winning the bid.
The bonds are due 2020 to 2046 with 1.5% to 5% coupons and yields from 0.86% to 2.86%.
Proceeds will be used to finance capital improvements to the county’s utility systems.
| Issuer: | Hillsborough County, Fla.
|
| Issue: | Series 2016 utility revenue bonds
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| Amount: | $207,795,000
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| Type: | Competitive
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| Underwriter: | Wells Fargo Bank, NA
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| Ratings: | Moody’s: Aaa
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| S&P: AA+
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| Fitch: AAA
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| Pricing date: | July 12
|
| Settlement date: | July 26
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| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,195,000 | 2020 | Serial | 1.5% | 102.519 | 0.86%
|
| $3,245,000 | 2021 | Serial | 5% | 119.675 | 0.97%
|
| $3,405,000 | 2022 | Serial | 5% | 122.569 | 1.11%
|
| $3,575,000 | 2023 | Serial | 5% | 125.488 | 1.20%
|
| $3,755,000 | 2024 | Serial | 5% | 128.072 | 1.30%
|
| $3.94 million | 2025 | Serial | 5% | 130.386 | 1.40%
|
| $4.14 million | 2026 | Serial | 4% | 123.164 | 1.50%
|
| $4,305,000 | 2027 | Serial | 4% | 122.021 | 1.61%
|
| $4,475,000 | 2028 | Serial | 3% | 110.468 | 1.85%
|
| $4.61 million | 2029 | Serial | 3% | 108.844 | 2.02%
|
| $4,745,000 | 2030 | Serial | 3% | 107.434 | 2.17%
|
| $4.89 million | 2031 | Serial | 3% | 105.953 | 2.33%
|
| $5,035,000 | 2032 | Serial | 4% | 116.489 | 2.16%
|
| $5.24 million | 2033 | Serial | 4% | 116 | 2.21%
|
| $5.45 million | 2034 | Serial | 4% | 115.514 | 2.26%
|
| $5.67 million | 2035 | Serial | 3% | 102.616 | 2.70%
|
| $5,835,000 | 2036 | Serial | 3% | 102.263 | 2.74%
|
| $6.01 million | 2037 | Serial | 3% | 102.087 | 2.76%
|
| $7,525,000 | 2038 | Serial | 3% | 101.911 | 2.78%
|
| $7.75 million | 2039 | Serial | 3% | 101.823 | 2.79%
|
| $7.98 million | 2040 | Serial | 3% | 101.735 | 2.80%
|
| $15,925,000 | 2041 | Serial | 3% | 101.648 | 2.81%
|
| $16,405,000 | 2042 | Serial | 3% | 101.56 | 2.82%
|
| $16,895,000 | 2043 | Serial | 3% | 101.473 | 2.83%
|
| $17,405,000 | 2044 | Serial | 3% | 101.385 | 2.84%
|
| $17,925,000 | 2045 | Serial | 3% | 101.298 | 2.85%
|
| $18,465,000 | 2046 | Serial | 3% | 101.211 | 2.86%
|
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