By Sheri Kasprzak
New York, Nov. 3 - The city of Honolulu priced $234.645 million in series 2009 general obligation bonds (//AA) on Tuesday, said a term sheet.
The sale included $140.285 million in series 2009D G.O. bonds, $50.46 million in series 2009E Build America Bonds and $43.9 million in series 2009F G.O. bonds.
The 2009D bonds are due 2014 to 2034 with coupons from 2.25% to 5.25%. The 2009E bonds are due 2014 to 2034 with coupons from 3.27% to 6.3%, all priced at par. The 2009F bonds are due 2014 to 2020 with 5% coupons across all maturities.
Merrill Lynch & Co. and Piper Jaffray & Co. were the senior managers.
Proceeds will be used to refund the city's series 1993 and 1997 bonds, as well as to fund the expansion of the city's waste-to-energy facility.
| Issuer: | City of Honolulu
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $234.645 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. and Piper Jaffray & Co. (lead)
|
| Rating: | Fitch: AA
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 19
|
|
|
| Series 2009D
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 2.25% | 99.908
|
| 2014 | Serial | 5% | 112.305
|
| 2015 | Serial | 2.625% | 99.864
|
| 2015 | Serial | 4.5% | 109.855
|
| 2016 | Serial | 3% | 100.486
|
| 2016 | Serial | 4% | 100.599
|
| 2017 | Serial | 3.125% | 99.962
|
| 2017 | Serial | 4% | 105.964
|
| 2018 | Serial | 3.375% | 100.412
|
| 2018 | Serial | 4.5% | 108.921
|
| 2019 | Serial | 3.5% | 100.408
|
| 2019 | Serial | 5% | 112.772
|
| 2020 | Serial | 3.625% | NRO
|
| 2020 | Serial | 5% | NRO
|
| 2021 | Serial | 3.7% | 100.000
|
| 2021 | Serial | 4% | NRO
|
| 2021 | Serial | 5% | NRO
|
| 2022 | Serial | 3.75% | 99.493
|
| 2022 | Serial | 5.25% | NRO
|
| 2023 | Serial | 5.25% | NRO
|
| 2024 | Serial | 4% | NRO
|
| 2024 | Serial | 5.25% | NRO
|
| 2025 | Serial | 4% | 99.531
|
| 2026 | Serial | 4% | 98.909
|
| 2026 | Serial | 5.25% | NRO
|
| 2027 | Serial | 4.125% | 99.558
|
| 2027 | Serial | 5.25% | NRO
|
| 2028 | Serial | 5.25% | NRO
|
| 2029 | Serial | 4.25% | 99.596
|
| 2029 | Serial | 5.25% | NRO
|
| 2030 | Serial | 4.375% | NRO
|
| 2030 | Serial | 5.25% | NRO
|
| 2031 | Serial | 5.25% | NRO
|
| 2032 | Serial | 4.5% | NRO
|
| 2032 | Serial | 5.25% | NRO
|
| 2033 | Serial | 4.5% | 99.559
|
| 2033 | Serial | 5.25% | NRO
|
| 2034 | Serial | 4.55% | 100.000
|
| 2034 | Serial | 5.25% | NRO
|
|
|
| Series 2009E
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 3.27% | Par
|
| 2015 | Serial | 3.95% | Par
|
| 2016 | Serial | 4.25% | Par
|
| 2017 | Serial | 4.48% | Par
|
| 2018 | Serial | 4.58% | Par
|
| 2019 | Serial | 4.68% | Par
|
| 2020 | Serial | 4.93% | Par
|
| 2021 | Serial | 5.16% | Par
|
| 2022 | Serial | 5.38% | Par
|
| 2023 | Serial | 5.63% | Par
|
| 2024 | Serial | 5.78% | Par
|
| 2025 | Serial | 5.95% | Par
|
| 2026 | Serial | 6.05% | Par
|
| 2027 | Serial | 6.1% | Par
|
| 2028 | Serial | 6.15% | Par
|
| 2029 | Serial | 6.2% | Par
|
| 2030 | Serial | 6.22% | Par
|
| 2031 | Serial | 6.25% | Par
|
| 2032 | Serial | 6.28% | Par
|
| 2033 | Serial | 6.3% | Par
|
| 2034 | Serial | 6.3% | Par
|
|
|
| Series 2009F
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 5% | 112.305
|
| 2015 | Serial | 5% | 112.519
|
| 2016 | Serial | 5% | 112.711
|
| 2017 | Serial | 5% | 112.824
|
| 2018 | Serial | 5% | 112.703
|
| 2019 | Serial | 5% | 112.772
|
| 2020 | Serial | 5% | NRO
|
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