By Sheri Kasprzak
New York, March 30 - Anne Arundel County of Maryland sold $173.3 million of series 2011 general obligation bonds on Wednesday, according to pricing sheets.
The offering included $125.7 million of series 2011 consolidated general improvement bonds and $47.6 million of series 2011 water and sewer bonds.
The 2011 consolidated general improvement bonds are due 2012 to 2031 with coupons from 3% to 5%.
The 2011 water and sewer bonds are due 2012 to 2033 with a term bond due in 2041. The serial coupons range from 2% to 5%. The 2041 bonds have a 5% coupon priced at 100.386.
The bonds were sold competitively, but calls to the issuer for the winning bidder were not immediately returned.
Proceeds will be used to retire the county's series A bond anticipation notes, to fund improvements to the county's water system and for general improvements.
| Issuer: | Anne Arundel County, Md.
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $173.3 million
|
| Type: | Competitive
|
| Pricing date: | March 30
|
| Settlement date: | April 20
|
|
|
| $125.7 million series 2011 consolidated general improvement bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.29 million | 2012 | Serial | 3% | NRO
|
| $6.29 million | 2013 | Serial | 3% | NRO
|
| $6.29 million | 2014 | Serial | 3% | 105.793
|
| $6.29 million | 2015 | Serial | 5% | 113.488
|
| $6.29 million | 2016 | Serial | 4% | NRO
|
| $6.29 million | 2017 | Serial | 5% | 115.829
|
| $6.29 million | 2018 | Serial | 5% | 115.713
|
| $6.29 million | 2019 | Serial | 5% | 115.499
|
| $6.29 million | 2020 | Serial | 4% | 107.145
|
| $6.29 million | 2021 | Serial | 4% | 106.242
|
| $6.28 million | 2022 | Serial | 5% | 113.135
|
| $6.28 million | 2023 | Serial | 5% | 111.705
|
| $6.28 million | 2024 | Serial | 5% | 110.471
|
| $6.28 million | 2025 | Serial | 5% | 109.254
|
| $6.28 million | 2026 | Serial | 4% | NRO
|
| $6.28 million | 2027 | Serial | 5% | 107.542
|
| $6.28 million | 2028 | Serial | 5% | 106.783
|
| $6.28 million | 2029 | Serial | 4.25% | NRO
|
| $6.28 million | 2030 | Serial | 4.25% | NRO
|
| $6.28 million | 2031 | Serial | 4.5% | 98.958
|
|
|
| $47.6 million series 2011 water and sewer
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.59 million | 2012 | Serial | 2% | NRO
|
| $1.59 million | 2013 | Serial | 3% | NRO
|
| $1.59 million | 2014 | Serial | 5% | NRO
|
| $1.59 million | 2015 | Serial | 5% | NRO
|
| $1.59 million | 2016 | Serial | 5% | NRO
|
| $1.59 million | 2017 | Serial | 5% | 115.708
|
| $1.59 million | 2018 | Serial | 5% | 115.713
|
| $1.59 million | 2019 | Serial | 5% | 115.499
|
| $1.59 million | 2020 | Serial | 5% | 114.913
|
| $1.59 million | 2021 | Serial | 5% | 114.679
|
| $1.59 million | 2022 | Serial | 5% | 112.865
|
| $1.59 million | 2023 | Serial | 5% | 111.262
|
| $1.59 million | 2024 | Serial | 5% | 110.034
|
| $1.59 million | 2025 | Serial | 4% | 98.943
|
| $1.59 million | 2026 | Serial | 4.125% | 98.625
|
| $1.59 million | 2027 | Serial | 4.25% | 98.856
|
| $1.59 million | 2028 | Serial | 4.25% | 97.635
|
| $1.59 million | 2029 | Serial | 5% | 105.531
|
| $1.59 million | 2030 | Serial | 5% | 104.707
|
| $1.59 million | 2031 | Serial | 5% | 103.89
|
| $1.59 million | 2032 | Serial | 5% | 103.08
|
| $1.59 million | 2033 | Serial | 5% | 102.279
|
| $12.62 million | 2041 | Term | 5% | 100.386
|
© 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.
