New Issue: Anne Arundel County, Md., prices $154.08 million G.O. bonds

By Sheri Kasprzak

New York, June 20 - Anne Arundel County, Md., sold $154.08 million of series 2013 general obligation bonds, according to a pricing sheet.

The bonds were sold competitively, but the issuer did not immediately return calls for the winning bidder.

The deal includes $116 million of series 2013 consolidated general improvement bonds and $38.08 million of series 2013 consolidated water and sewer bonds.

The general improvement bonds are due 2014 to 2033 with 4% to 5% coupons with 0.19% to 3.76% yields.

The water and sewer bonds are due 2014 to 2037 with term bonds due in 2040 and 2043. The serial coupons range from 4% to 5% with yields of 0.19% to 4.456%.

The 2040 bonds have a 4.5% coupon priced at 99.377 to yield 4.54%. The 2043 bonds have a 4.5% coupon priced at 98.7 to yield 4.58%.

Proceeds will be used to finance general capital improvements and improvements to the county's water and sewer system, as well as to retire the county's series A-B bond anticipation notes.

Issuer:	Anne Arundel County, Md.
Issue:	Series 2013 general obligation bonds
Amount:	$154.08 million
Type:	Competitive
Rating:	Moody's: Aa1
Pricing date:	June 20
Settlement date:	June 27
$116 million series 2013 consolidated general improvement bonds
Amount	Maturity	Type	Coupon	Price	Yield
$6.96 million	2014	Serial	4%	102.896	0.19%
$6.96 million	2015	Serial	5%	107.879	0.50%
$6.96 million	2016	Serial	5%	111.62	0.74%
$6.96 million	2017	Serial	5%	114.288	1.11%
$6.96 million	2018	Serial	5%	116.473	1.41%
$6.96 million	2019	Serial	5%	117.734	1.75%
$6.96 million	2020	Serial	5%	118.741	2.02%
$6.96 million	2021	Serial	5%	119.087	2.30%
$6.96 million	2022	Serial	5%	119.47	2.51%
$6.96 million	2023	Serial	5%	119.805	2.68%
$4.64 million	2024	Serial	5%	118.484	2.82%
$4.64 million	2025	Serial	4%	108.757	2.96%
$4.64 million	2026	Serial	5%	115.437	3.15%
$4.64 million	2027	Serial	5%	114.352	3.27%
$4.64 million	2028	Serial	5%	113.279	3.39%
$4.64 million	2029	Serial	5%	112.307	3.50%
$4.64 million	2030	Serial	5%	111.518	3.59%
$4.64 million	2031	Serial	5%	110.996	3.65%
$4.64 million	2032	Serial	5%	110.477	3.71%
$4.64 million	2033	Serial	5%	110.047	3.76%
$38.08 million series 2013 consolidated water and sewer bonds
Amount	Maturity	Type	Coupon	Price	Yield
$1,265,000	2014	Serial	4%	102.896	0.19%
$1,265,000	2015	Serial	5%	107.879	0.50%
$1,265,000	2016	Serial	5%	111.62	0.74%
$1,265,000	2017	Serial	5%	114.288	1.11%
$1.27 million	2018	Serial	5%	116.473	1.41%
$1.27 million	2019	Serial	5%	117.734	1.75%
$1.27 million	2020	Serial	5%	118.741	2.02%
$1.27 million	2021	Serial	5%	119.087	2.30%
$1.27 million	2022	Serial	5%	119.47	2.51%
$1.27 million	2023	Serial	5%	119.805	2.68%
$1.27 million	2024	Serial	4%	110.004	2.82%
$1.27 million	2025	Serial	4%	108.757	2.96%
$1.27 million	2026	Serial	4%	104.099	3.50%
$1.27 million	2027	Serial	4%	102.269	3.72%
$1.27 million	2028	Serial	4%	100.477	3.94%
$1.27 million	2029	Serial	4%	99.416	4.05%
$1.27 million	2030	Serial	4%	98.314	4.14%
$1.27 million	2031	Serial	4%	97.508	4.20%
$1.27 million	2032	Serial	4.125%	98.262	4.26%
$1.27 million	2033	Serial	4.125%	97.55	4.31%
$1.27 million	2034	Serial	4.25%	98.501	4.36%
$1.27 million	2035	Serial	4.25%	97.907	4.40%
$1.27 million	2036	Serial	4.25%	97.289	4.44%
$1.27 million	2037	Serial	4.25%	97	4.456%
$3.81 million	2040	Term	4.5%	99.377	4.54%
$3.81 million	2043	Term	4.5%	98.7	4.58%

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