Published on 2/20/2013 in the Prospect News Municipals Daily.
New Issue: Manatee County, Fla., brings $79.64 million of revenue refunding and improvement bonds
By Sheri Kasprzak
New York, Feb. 20 - Manatee County, Fla., sold $79.64 million of series 2013 revenue refunding and improvement bonds, said a pricing sheet.
The bonds (Aa2//AA+) were sold through Wells Fargo Securities LLC and Gardnyr Michael Capital Inc.
The bonds are due 2013 to 2029 with 2% to 5% coupons.
Proceeds will be used to finance capital improvements within the county, including a new computer-aided dispatch system, the acquisition of property, a backup data center and the widening of a portion of the 301 Boulevard, as well as to refund the county's series 2004 and 2006 revenue bonds.
| Issuer: | Manatee County, Fla.
|
| Issue: | Series 2013 revenue refunding and improvement bonds
|
| Amount: | $79.64 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and Gardnyr Michael Capital Inc. (lead), Citigroup Global Markets Inc. (co-manager)
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA+
|
| Pricing date: | Feb. 20
|
| Settlement date: | March 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.6 million | 2013 | Serial | 2% | 100.966
|
| $35,000 | 2014 | Serial | 2% | 102.452
|
| $4.44 million | 2015 | Serial | 5% | 111.337
|
| $4,665,000 | 2016 | Serial | 5% | 114.864
|
| $9.55 million | 2017 | Serial | 4% | 113.702
|
| $9,735,000 | 2018 | Serial | 5% | 120.232
|
| $10,245,000 | 2019 | Serial | 5% | 121.468
|
| $10,935,000 | 2020 | Serial | 5% | 122.548
|
| $7,565,000 | 2021 | Serial | 5% | 123.516
|
| $2,255,000 | 2022 | Serial | 5% | 124.236
|
| $2.37 million | 2023 | Serial | 5% | 125.097
|
| $2.49 million | 2024 | Serial | 5% | 123.932
|
| $2.61 million | 2025 | Serial | 5% | 122.988
|
| $2,475,000 | 2026 | Serial | 5% | 121.846
|
| $2,595,000 | 2027 | Serial | 5% | 121.126
|
| $2.99 million | 2028 | Serial | 3% | 98.284
|
| $3,085,000 | 2029 | Serial | 3% | 97.442
|
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