By Sheri Kasprzak
New York, July 7 - Monroe County in New York sold on Wednesday $81.74 million of series 2010 public improvement general obligation bonds, said a pricing sheet.
The bonds (A3/BBB+/A-) were sold competitively, with Citigroup Global Markets Inc. winning the bid.
The bonds are due 2011 to 2030 with coupons from 3% to 4.375%. Yields range from 0.75% to 4.4%.
Proceeds will be used to replace and upgrade certain bridges and highways; replace and enhance public safety communications equipment; reconstruct the county's civic center; improve parks, recreational facilities and structures; construct, furnish and equip a public safety laboratory; increase and improve water and sewer services; renovate the children's detention center; and improve automation systems at the county's public library system.
| Issuer: | Monroe County, N.Y.
|
| Issue: | Series 2010 public improvement general obligation bonds
|
| Amount: | $81.74 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
| Pricing date: | July 7
|
| Settlement date: | July 13
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2011 | Serial | 3% | 0.75%
|
| 2012 | Serial | 4% | 1.00%
|
| 2013 | Serial | 4% | 1.50%
|
| 2014 | Serial | 4% | 1.85%
|
| 2015 | Serial | 4% | 2.15%
|
| 2016 | Serial | 4% | 2.50%
|
| 2017 | Serial | 4% | 2.87%
|
| 2018 | Serial | 3% | 3.00%
|
| 2019 | Serial | 3.25% | 3.20%
|
| 2020 | Serial | 4% | 3.40%
|
| 2021 | Serial | 4% | 3.60%
|
| 2022 | Serial | 4% | 3.75%
|
| 2023 | Serial | 4% | 3.90%
|
| 2024 | Serial | 4% | 4.00%
|
| 2025 | Serial | 4% | 4.05%
|
| 2026 | Serial | 4% | 4.12%
|
| 2027 | Serial | 4.125% | 4.25%
|
| 2028 | Serial | 4.25% | 4.30%
|
| 2029 | Serial | 4.25% | 4.35%
|
| 2030 | Serial | 4.375% | 4.40%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
