By Sheri Kasprzak
New York, July 14 - The City and County of Honolulu, Hawaii, sold $305.675 million of series 2011 general obligation bonds on Thursday, according to a pricing sheet.
The bonds (Aa1/AA+) were sold through Bank of America Merrill Lynch and Piper Jaffray & Co.
The offering included $141.23 million of series 2011A bonds and $164.445 million of series 2011B bonds.
The 2011A bonds are due 2016 to 2036 with 4% to 5.25% coupons. The 2011B bonds are due 2016 to 2027 with 2% to 5% coupons.
Proceeds will be used to fund capital improvement projects and refund the city's series 1993A-C, 1994A, 2001A, 2003A, 2004A, 2005A and 2007A bonds.
| Issuer: | City and County of Honolulu
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $305.675 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and Piper Jaffray & Co. (lead)
|
| Ratings: | Moody's: Aa1
|
| Fitch: AA+
|
| Pricing date: | July 14
|
| Settlement date: | Aug. 4
|
|
|
| $141.23 million series 2011A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.15 million | 2016 | Serial | 4% | 112.184
|
| $4.315 million | 2017 | Serial | 4% | 111.959
|
| $4.495 million | 2018 | Serial | 4% | 111.399
|
| $4.675 million | 2019 | Serial | 4% | 110.652
|
| $4.865 million | 2020 | Serial | 4% | 109.647
|
| $5.065 million | 2021 | Serial | 4% | 108.758
|
| $5.27 million | 2022 | Serial | 4% | 106.883
|
| $5.515 million | 2023 | Serial | 5% | 113.912
|
| $5.8 million | 2024 | Serial | 5% | 112.735
|
| $6.095 million | 2025 | Serial | 5% | 111.572
|
| $6.41 million | 2026 | Serial | 5% | 110.6
|
| $6.735 million | 2027 | Serial | 5% | 109.899
|
| $7.085 million | 2028 | Serial | 5% | 109.03
|
| $7.41 million | 2029 | Serial | 4% | 97.492
|
| $7.76 million | 2030 | Serial | 5.25% | 110.298
|
| $8.18 million | 2031 | Serial | 5.25% | 109.435
|
| $8.575 million | 2032 | Serial | 4.25% | 97.289
|
| $8.995 million | 2033 | Serial | 5.25% | 107.903
|
| $9.48 million | 2034 | Serial | 5.25% | 107.313
|
| $9.95 million | 2035 | Serial | 4.5% | 97.844
|
| $10.41 million | 2036 | Serial | 4.5% | 97.363
|
|
|
| $164.445 million series 2011B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.5 million | 2016 | Serial | 2% | 102.59
|
| $6.82 million | 2016 | Serial | 5% | 116.982
|
| $2.04 million | 2017 | Serial | 2.5% | 103.497
|
| $8.73 million | 2017 | Serial | 5% | 117.601
|
| $1.565 million | 2018 | Serial | 3% | 104.959
|
| $9.715 million | 2018 | Serial | 5% | 117.84
|
| $420,000 | 2019 | Serial | 3% | 103.454
|
| $11.42 million | 2019 | Serial | 5% | 117.849
|
| $1.165 million | 2020 | Serial | 3.25% | 103.716
|
| $11.265 million | 2020 | Serial | 5% | 117.554
|
| $1.335 million | 2021 | Serial | 3.25% | 102.318
|
| $11.71 million | 2021 | Serial | 5% | 117.344
|
| $13.705 million | 2022 | Serial | 5% | 115.381
|
| $14.405 million | 2023 | Serial | 5% | 113.912
|
| $1.01 million | 2024 | Serial | 3.5% | 98.56
|
| $14.125 million | 2024 | Serial | 5% | 112.735
|
| $15.905 million | 2025 | Serial | 5% | 111.572
|
| $16.72 million | 2026 | Serial | 5% | 110.6
|
| $5 million | 2027 | Serial | 4% | 99.765
|
| $12.555 million | 2027 | Serial | 5% | 109.899
|
© 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.
