Published on 11/2/2012 in the Prospect News Municipals Daily.
New Issue: Maui County, Hawaii, prices $70.25 million of G.O. bonds
By Sheri Kasprzak
New York, Nov. 2 - Maui County in Hawaii sold $70.25 million of series 2012 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AA+) were sold competitively, but the issuer did not return calls requesting the winning bidder Friday.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to finance capital improvements for the county, including the construction, improvement and replacements of water and sewer system facilities, solid waste facilities, drainage, road and bridge construction and repair, public works facilities, parks improvements, recreational facilities, public safety facilities and equipment and stadium improvements.
| Issuer: | Maui County, Hawaii
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $70.25 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,705,000 | 2013 | Serial | 2% | 100.983
|
| $2.92 million | 2014 | Serial | 3% | 100.539
|
| $3.25 million | 2015 | Serial | 4% | 108.714
|
| $4,245,000 | 2016 | Serial | 4% | 111.653
|
| $4.41 million | 2017 | Serial | 5% | 118.717
|
| $4,625,000 | 2018 | Serial | 5% | 121.773
|
| $4,865,000 | 2019 | Serial | 5% | 123.857
|
| $5,105,000 | 2020 | Serial | 5% | 125.535
|
| $4.1 million | 2021 | Serial | 5% | 126.511
|
| $4,305,000 | 2022 | Serial | 5% | 127.752
|
| $4.52 million | 2023 | Serial | 4% | 117.890
|
| $3.57 million | 2024 | Serial | 2.125% | 99.036
|
| $3,645,000 | 2025 | Serial | 3% | 105.944
|
| $2,445,000 | 2026 | Serial | 3% | 104.799
|
| $2.52 million | 2027 | Serial | 3% | 103.762
|
| $2,595,000 | 2028 | Serial | 3% | 102.736
|
| $2,675,000 | 2029 | Serial | 3% | 102.182
|
| $2,755,000 | 2030 | Serial | 3% | 101.631
|
| $2,835,000 | 2031 | Serial | 3% | 101.083
|
| $3.16 million | 2032 | Serial | 3% | 104.085
|
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