Published on 3/16/2015 in the Prospect News Municipals Daily.
New Issue: Hartford Metropolitan District, Conn., prices $66.74 million of bonds
By Sheri Kasprzak
New York, March 16 – The Metropolitan District of Hartford County, Conn., sold $66.74 million of issue of 2015 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold competitively with Wells Fargo Bank, NA winning the bid.
The bonds are due 2016 to 2035 with 3% to 5% coupons and 0.18% to 3.459% yields.
Proceeds will be used to permanently finance the district’s bond anticipation notes due March 23, 2015.
| Issuer: | Metropolitan District of Hartford County
|
| Issue: | Issue of 2015 general obligation bonds
|
| Amount: | $66.74 million
|
| Type: | Competitive
|
| Underwriter: | Wells Fargo Bank, NA
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Pricing date: | March 10
|
| Settlement date: | March 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3.18 million | 2016 | Serial | 5% | 104.572 | 0.18%
|
| $3,345,000 | 2017 | Serial | 5% | 108.598 | 0.56%
|
| $3,345,000 | 2018 | Serial | 5% | 111.66 | 0.98%
|
| $3,345,000 | 2019 | Serial | 5% | 114.283 | 1.28%
|
| $3,345,000 | 2020 | Serial | 5% | 116.636 | 1.50%
|
| $3,345,000 | 2021 | Serial | 5% | 118.723 | 1.68%
|
| $3,345,000 | 2022 | Serial | 5% | 119.948 | 1.92%
|
| $3,345,000 | 2023 | Serial | 5% | 121.293 | 2.08%
|
| $3,345,000 | 2024 | Serial | 5% | 122.633 | 2.20%
|
| $3,345,000 | 2025 | Serial | 5% | 121.726 | 2.30%
|
| $3,345,000 | 2026 | Serial | 4% | 111.961 | 2.50%
|
| $3,345,000 | 2027 | Serial | 4% | 110.273 | 2.70%
|
| $3.35 million | 2028 | Serial | 3% | 100 | 3.00%
|
| $3,345,000 | 2029 | Serial | 3% | 99 | 3.089%
|
| $3,345,000 | 2030 | Serial | 3% | 97.75 | 3.19%
|
| $3,345,000 | 2031 | Serial | 3% | 97 | 3.242%
|
| $3,345,000 | 2032 | Serial | 3.125% | 97.75 | 3.299%
|
| $3,345,000 | 2033 | Serial | 3.25% | 98.657 | 3.35%
|
| $3,345,000 | 2034 | Serial | 3.25% | 98 | 3.394%
|
| $3,345,000 | 2035 | Serial | 3.25% | 97 | 3.459%
|
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