Published on 4/21/2015 in the Prospect News Municipals Daily.
New Issue: Nashville and Davidson County, Tenn., sells $112.9 million electric revenue bonds
By Sheri Kasprzak
New York, April 21 – The Metropolitan Government of Nashville and Davidson County, Tenn., sold $112,285,000 of series 2015A electric system revenue bonds, according to a pricing sheet.
The bonds (/AA+/AA+) were sold through Raymond James/Morgan Keegan.
The bonds are due 2019 to 2033 with 5% coupons.
Proceeds will be used to refund the government’s series 2008A-B bonds.
| Issuer: | Metropolitan Government of Nashville and Davidson County
|
| Issue: | Series 2015A electric system revenue bonds
|
| Amount: | $112,895,000
|
| Type: | Negotiated
|
| Underwriter: | Raymond James/Morgan Keegan
|
| Ratings: | Standard & Poor’s: AA+
|
| Fitch: AA+
|
| Pricing date: | April 21
|
| Settlement date: | May 19
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.22 million | 2019 | Serial | 5% | 114.926
|
| $13,205,000 | 2020 | Serial | 5% | 117.605
|
| $13.87 million | 2021 | Serial | 5% | 119.722
|
| $14.56 million | 2022 | Serial | 5% | 121.292
|
| $15.29 million | 2023 | Serial | 5% | 122.877
|
| $4.19 million | 2024 | Serial | 5% | 124.198
|
| $4,405,000 | 2025 | Serial | 5% | 125.496
|
| $4,625,000 | 2026 | Serial | 5% | 123.872
|
| $4,855,000 | 2027 | Serial | 5% | 122.771
|
| $5,095,000 | 2028 | Serial | 5% | 121.681
|
| $5,355,000 | 2029 | Serial | 5% | 120.797
|
| $5.62 million | 2030 | Serial | 5% | 120.116
|
| $5.9 million | 2031 | Serial | 5% | 119.535
|
| $6.2 million | 2032 | Serial | 5% | 118.958
|
| $6,505,000 | 2033 | Serial | 5% | 118.575
|
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