By Sheri Kasprzak
New York, Sept. 16 - The City and County of Honolulu sold $281.615 million in series 2009 wastewater system revenue bonds on Tuesday, according to a pricing sheet.
The deal includes $84.365 million in series 2009A first bond resolution bonds, $40.775 million in series 2009B taxable first bond resolution Build America Bonds, $29.43 million in series 2009C taxable first bond resolution recovery zone economic development bonds and $127.045 million in series 2009A second bond resolution bonds.
The 2009A first bond resolution bonds are due 2010 to 2028 with coupons from 2% to 5% and the 2009B BABs are due 2029 and 2035 with 6.114% and 6.339% coupons respectively, both priced at par. The 2009C bonds are due 2039 with a 6.339% coupon, priced at par. The 2009A second bond resolution bonds are due 2010 to 2023 with coupons from 2% to 5%.
Merrill Lynch & Co. Inc. and Piper Jaffray & Co. are the senior managers.
Proceeds will be used to fund improvements to the city and county wastewater system.
| Issuer: | City and County of Honolulu
|
| Issue: | Series 2009 wastewater system revenue bonds
|
| Amount: | $281.615 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. Inc. and Piper Jaffray & Co. (lead)
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 29
|
|
|
| Series 2009A first bond resolution bonds
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.863
|
| 2011 | Serial | 2% | 101.419
|
| 2012 | Serial | 2.25% | 101.852
|
| 2013 | Serial | 2.375% | 101.821
|
| 2014 | Serial | 4% | 108.035
|
| 2015 | Serial | 2.75% | 101.545
|
| 2016 | Serial | 3% | 101.838
|
| 2017 | Serial | 3.25% | 102.063
|
| 2018 | Serial | 5% | 114.219
|
| 2019 | Serial | 4% | 105.879
|
| 2020 | Serial | 5% | 113.095
|
| 2021 | Serial | 3.5% | 99.328
|
| 2021 | Serial | 5% | 112.037
|
| 2022 | Serial | 5% | 111.165
|
| 2023 | Serial | 5% | 110.386
|
| 2024 | Serial | 5% | 109.699
|
| 2025 | Serial | 4% | 100.557
|
| 2026 | Serial | 5% | 108.342
|
| 2027 | Serial | 5% | 107.670
|
| 2028 | Serial | 4.25% | 100.391
|
|
|
| Series 2009B taxable first bond resolution BABs
|
| Maturity | Type | Coupon | Price
|
| 2029 | Term | 6.114% | Par
|
| 2035 | Term | 6.339% | Par
|
|
|
| Series 2009C taxable first bond resolution bonds
|
| Maturity | Type | Coupon | Price
|
| 2039 | Term | 6.339% | Par
|
|
|
| Series 2009A second bond resolution bonds
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.712
|
| 2011 | Serial | 2.25% | 101.451
|
| 2012 | Serial | 2.5% | 101.764
|
| 2012 | Serial | 4% | 105.775
|
| 2013 | Serial | 4% | 106.563
|
| 2014 | Serial | 3% | 102.181
|
| 2014 | Serial | 4% | 106.637
|
| 2014 | Serial | 5% | 111.093
|
| 2015 | Serial | 3% | 101.267
|
| 2015 | Serial | 5% | 111.841
|
| 2016 | Serial | 3% | 100.000
|
| 2016 | Serial | 5% | 112.143
|
| 2017 | Serial | 3.25% | 100.000
|
| 2017 | Serial | 5% | 111.907
|
| 2018 | Serial | 3.5% | 100.522
|
| 2018 | Serial | 5% | 111.782
|
| 2019 | Serial | 3.5% | 99.261
|
| 2019 | Serial | 5% | 111.513
|
| 2020 | Serial | 5% | NRO
|
| 2021 | Serial | 5% | NRO
|
| 2022 | Serial | 5% | NRO
|
| 2023 | Serial | 4% | 99.785
|
| 2023 | Serial | 5% | NRO
|
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