By Sheri Kasprzak
New York, May 12 - The Maricopa County Community College District of Arizona sold $150 million of series 2011 general obligation bonds Thursday, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through Citigroup Global Markets Inc. with Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Wedbush Securities Inc. as the co-managers.
The bonds are due 2016 to 2025 with a term bond due in 2011. The serial bonds have coupons from 2% to 4.75%. The 2011 bonds have a 1% coupon priced at 100.614.
Proceeds will be used to upgrade the district's educational facilities, as well as to purchase equipment.
| Issuer: | Maricopa County Community College District
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $150 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Wedbush Securities Inc. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | May 12
|
| Settlement date: | May 26
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Term | 1% | 100.614
|
| 2016 | Serial | 2% | 102.196
|
| 2017 | Serial | 2.5% | 102.855
|
| 2018 | Serial | 3% | 104.224
|
| 2019 | Serial | 4% | 109.396
|
| 2020 | Serial | 4% | 108.073
|
| 2021 | Serial | 3% | 97.945
|
| 2021 | Serial | 4% | 106.498
|
| 2022 | Serial | 3% | 95.878
|
| 2022 | Serial | 4% | 104.653
|
| 2023 | Serial | 4.75% | 105.451
|
| 2024 | Serial | 4.75% | 104.644
|
| 2025 | Serial | 4.25% | 102.558
|
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