By Sheri Kasprzak
New York, Aug. 21 - Mecklenburg County in North Carolina priced this week $130.39 million in series 2009C general obligation refunding bonds (Aaa/AAA/AAA), according to a pricing term sheet.
The bonds are due 2015 to 2020 with coupons from 3% to 5%.
Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. were the lead managers for the sale.
Proceeds will be used to refund the county's series 1996C, 1998C and 2000E bonds.
| Issuer: | Mecklenburg County, N.C.
|
| Issue: | Series 2009C general obligation refunding bonds
|
| Amount: | $130.39 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Merrill Lynch & Co. Inc. (leads)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Aug. 20
|
| Settlement date: | Sept. 3
|
|
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 3% | 104.912
|
| 2015 | Serial | 5% | 115.255
|
| 2016 | Serial | 3% | 104.200
|
| 2016 | Serial | 5% | 116.201
|
| 2017 | Serial | 3% | 102.914
|
| 2017 | Serial | 5% | 116.469
|
| 2018 | Serial | 3% | 101.654
|
| 2018 | Serial | 5% | 116.694
|
| 2019 | Serial | 5% | 116.777
|
| 2020 | Serial | 5% | 115.434
|
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