By Sheri Kasprzak
New York, April 27 - The Anaheim Public Financing Authority of California priced Wednesday $90.39 million of series 2011A electric system distribution facility revenue bonds, according to a pricing sheet.
The bonds (A1/AA-/AA-) were sold through J.P. Morgan Securities LLC with Merrill Lynch and De La Rosa & Co. as the co-managers.
The bonds are due 2016 to 2031 with a term bond due in 2036. The serial coupons range from 3% to 5.25%. The 2036 bonds have a 5.375% coupon priced at 99.65.
Proceeds will be used to finance the acquisition and construction of the capital assets of the city's electric distribution system, as well as to make a debt service reserve fund deposit.
| Issuer: | Anaheim Public Financing Authority
|
| Issue: | Series 2011A electric system distribution facility revenue bonds
|
| Amount: | $90.39 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Merrill Lynch and De La Rosa & Co. (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | April 27
|
| Settlement date: | May 11
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.825 million | 2016 | Serial | 3% | 102.759
|
| $1.89 million | 2017 | Serial | 4% | 106.973
|
| $1.98 million | 2018 | Serial | 5% | 112.387
|
| $3.21 million | 2019 | Serial | 5% | 111.28
|
| $3.375 million | 2020 | Serial | 5% | 110.395
|
| $3.545 million | 2021 | Serial | 5% | 109.638
|
| $775,000 | 2022 | Serial | 4% | 100
|
| $2.95 million | 2022 | Serial | 5% | 108.097
|
| $3.91 million | 2023 | Serial | 5% | 106.749
|
| $4.11 million | 2024 | Serial | 5% | 105.421
|
| $4.32 million | 2025 | Serial | 5% | 104.275
|
| $4.545 million | 2026 | Serial | 5% | 103.224
|
| $4.775 million | 2027 | Serial | 5% | 102.346
|
| $5.03 million | 2028 | Serial | 5.25% | 103.425
|
| $5.3 million | 2029 | Serial | 5.25% | 102.554
|
| $5.585 million | 2030 | Serial | 5.25% | 101.77
|
| $5.88 million | 2031 | Serial | 5% | 98.486
|
| $27.385 million | 2036 | Term | 5.375% | 99.65
|
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