Published on 2/15/2011 in the Prospect News Municipals Daily.
New Issue: Howard County, Md., brings $159.55 million of G.O. bonds
By Sheri Kasprzak
New York, Feb. 15 - Howard County in Maryland sold $159.55 million of series 2011 general obligation bonds Tuesday, said a term sheet.
The offering included $110.58 million of series 2011A consolidated public improvement bonds and $48.97 million of series 2011A metropolitan district bonds.
The bonds (Aaa/AAA/AAA) were sold competitively.
The 2011A consolidated public improvement bonds are due 2012 to 2031 with coupons from 4% to 5%. The 2011A metropolitan district bonds are due 2012 to 2031 with term bonds due 2033, 2036 and 2041. The coupons range from 4% to 4.75%. None of the bonds were reoffered.
Proceeds will be used to fund capital expenditures.
| Issuer: | Howard County, Md.
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $159.55 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Feb. 15
|
| Settlement date: | March 9
|
|
|
| $110.58 million series 2011A consolidated public improvement bonds
|
| Amount | Maturity | Type | Coupon
|
| $4.29 million | 2012 | Serial | 5%
|
| $4.07 million | 2013 | Serial | 5%
|
| $4.15 million | 2014 | Serial | 5%
|
| $4.235 million | 2015 | Serial | 5%
|
| $4.32 million | 2016 | Serial | 5%
|
| $4.405 million | 2017 | Serial | 5%
|
| $4.515 million | 2018 | Serial | 5%
|
| $4.65 million | 2019 | Serial | 5%
|
| $4.815 million | 2020 | Serial | 4%
|
| $5.005 million | 2021 | Serial | 4%
|
| $5.255 million | 2022 | Serial | 4%
|
| $5.52 million | 2023 | Serial | 4%
|
| $5.795 million | 2024 | Serial | 4%
|
| $6.085 million | 2025 | Serial | 4%
|
| $6.39 million | 2026 | Serial | 4%
|
| $6.71 million | 2027 | Serial | 4.25%
|
| $7.045 million | 2028 | Serial | 4.25%
|
| $7.4 million | 2029 | Serial | 4.375%
|
| $7.77 million | 2030 | Serial | 4.5%
|
| $8.155 million | 2031 | Serial | 4.5%
|
|
|
| $48.97 million series 2011A metropolitan district bonds
|
| Amount | Maturity | Type | Coupon
|
| $1.04 million | 2012 | Serial | 4%
|
| $910,000 | 2013 | Serial | 4%
|
| $930,000 | 2014 | Serial | 4%
|
| $950,000 | 2015 | Serial | 4%
|
| $965,000 | 2016 | Serial | 4%
|
| $985,000 | 2017 | Serial | 4%
|
| $1.01 million | 2018 | Serial | 4%
|
| $1.04 million | 2019 | Serial | 4%
|
| $1.08 million | 2020 | Serial | 4%
|
| $1.12 million | 2021 | Serial | 4%
|
| $1.175 million | 2022 | Serial | 4%
|
| $1.235 million | 2023 | Serial | 4%
|
| $1.3 million | 2024 | Serial | 4%
|
| $1.365 million | 2025 | Serial | 4%
|
| $1.43 million | 2026 | Serial | 4.125%
|
| $1.505 million | 2027 | Serial | 4.25%
|
| $1.58 million | 2028 | Serial | 4.25%
|
| $1.655 million | 2029 | Serial | 4.375%
|
| $1.74 million | 2030 | Serial | 4.5%
|
| $1.825 million | 2031 | Serial | 4.5%
|
| $3.935 million | 2033 | Term | 4.625%
|
| $6.665 million | 2036 | Term | 4.75%
|
| $13.53 million | 2041 | Term | 4.75%
|
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