By Sheri Kasprzak
New York, Oct. 14 - The City of Honolulu, Hawaii, priced $169.19 million of series 2011A wastewater system revenue bonds, according to a pricing sheet.
The bonds (Aa2/AA/) were sold through Bank of America Merrill Lynch and Piper Jaffray & Co.
The bonds are due 2016 to 2031 with term bonds due in 2036, 2038 and 2041. The serial coupons range from 2% to 5%. The 2036 bonds have a split maturity with a 4.25% coupon priced at 99.239 and a 5.25% coupon priced at 109.51. The 2038 bonds have a 5% coupon priced at 106.621. The 2041 bonds have 5% coupon priced at 106.457.
Proceeds will be used to refund the city's series 2005A and 2006A-C wastewater system revenue bonds.
| Issuer: | City of Honolulu
|
| Issue: | Series 2011A wastewater system revenue bonds
|
| Amount: | $169.19 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Piper Jaffray & Co. (lead)
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Oct. 14
|
| Settlement date: | Nov. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.55 million | 2016 | Serial | 5% | 115.893
|
| $3.675 million | 2017 | Serial | 2% | 100.586
|
| $3.785 million | 2018 | Serial | 4% | 111.028
|
| $3.96 million | 2019 | Serial | 5% | 116.797
|
| $4.125 million | 2020 | Serial | 3.25% | 103.125
|
| $4.28 million | 2021 | Serial | 4% | 108.068
|
| $4.475 million | 2022 | Serial | 5% | 114.942
|
| $4.695 million | 2023 | Serial | 4.5% | 109.42
|
| $4.91 million | 2024 | Serial | 4.5% | 108.218
|
| $570,000 | 2025 | Serial | 3.5% | 100.241
|
| $4.575 million | 2025 | Serial | 5% | 112.463
|
| $5.405 million | 2026 | Serial | 5% | 111.593
|
| $5.665 million | 2027 | Serial | 4.5% | 105.611
|
| $5.36 million | 2028 | Serial | 3.75% | 104.786
|
| $565,000 | 2028 | Serial | 4.5% | 98.17
|
| $6.195 million | 2029 | Serial | 4.5% | 104.05
|
| $6.48 million | 2030 | Serial | 4.5% | 103.644
|
| $6.765 million | 2031 | Serial | 4% | 98.787
|
| $2.68 million | 2036 | Term | 4.25% | 99.239
|
| $36.7 million | 2036 | Term | 5.25% | 109.51
|
| $18.8 million | 2038 | Term | 5% | 106.621
|
| $31.975 million | 2041 | Term | 5% | 106.457
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
