New Issue: Honolulu Board of Water Supply sells $85.19 million revenue bonds

By Sheri Kasprzak

New York, March 15 - The Honolulu Board of Water Supply priced $85,185,000 of series 2012A water system revenue bonds, according to a pricing sheet.

The bonds were sold through lead manager Bank of America Merrill Lynch.

The bonds are due 2012 to 2033 with 2% to 5% coupons.

Proceeds will be used to refund the board's series 2001, 2004A and 2006A bonds.

Issuer:	Honolulu Board of Water Supply
Issue:	Series 2012A water system revenue bonds
Amount:	$85,185,000
Type:	Negotiated
Underwriter:	Bank of America Merrill Lynch
Pricing date:	March 15
Settlement date:	March 29
Amount	Maturity	Type	Coupon	Price
$1.79 million	2012	Serial	2%	100.459
$860,000	2013	Serial	3%	103.342
$890,000	2014	Serial	3%	105.599
$915,000	2015	Serial	3%	107.121
$940,000	2016	Serial	3%	108.529
$970,000	2017	Serial	3%	109.247
$3.96 million	2018	Serial	4%	114.679
$4.14 million	2019	Serial	5%	121.671
$2 million	2020	Serial	2%	99.47
$2.32 million	2020	Serial	5%	122.126
$6,865,000	2021	Serial	5%	122.67
$8,535,000	2022	Serial	5%	123.099
$3,605,000	2023	Serial	5%	NRO
$3.79 million	2024	Serial	5%	NRO
$3.98 million	2025	Serial	5%	NRO
$4,185,000	2026	Serial	5%	NRO
$4.39 million	2027	Serial	4.5%	NRO
$4,595,000	2028	Serial	4.5%	NRO
$4,805,000	2029	Serial	4.5%	NRO
$5,025,000	2030	Serial	4.5%	NRO
$5.27 million	2031	Serial	5%	NRO
$5.54 million	2032	Serial	5%	NRO
$5,825,000	2033	Serial	5%	NRO

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