Published on 3/11/2015 in the Prospect News Municipals Daily.
New Issue: Monroe County, N.Y., sells $64.19 million public improvement bonds
By Sheri Kasprzak
New York, March 11 – Monroe County, N.Y., sold $64.19 million of series 2015 public improvement refunding bonds, according to a pricing sheet.
The bonds (/A/) were sold through senior manager J.P. Morgan Securities LLC.
The bonds are due 2015 to 2027 with 2% to 5% coupons.
Proceeds will be used to refund the county’s series 2005 and 2007 public improvement bonds.
| Issuer: | Monroe County, N.Y.
|
| Issue: | Series 2015 public improvement refunding bonds
|
| Amount: | $64.19 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Ramirez & Co. Inc. and Roosevelt & Cross Inc. (co-managers)
|
| Rating: | Standard & Poor’s: A
|
| Pricing date: | March 11
|
| Settlement date: | March 26
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $560,000 | 2015 | Serial | 2% | 100.286
|
| $8.08 million | 2016 | Serial | 3% | 102.819
|
| $6,565,000 | 2017 | Serial | 4% | 106.566
|
| $6.35 million | 2018 | Serial | 5% | 111.093
|
| $6,365,000 | 2019 | Serial | 4% | 109.073
|
| $6,215,000 | 2020 | Serial | 5% | 114.744
|
| $1.5 million | 2021 | Serial | 4% | 110.346
|
| $4.32 million | 2021 | Serial | 5% | 116.095
|
| $5.71 million | 2022 | Serial | 5% | 116.479
|
| $5,235,000 | 2023 | Serial | 5% | 117.178
|
| $600,000 | 2024 | Serial | 4% | 109.822
|
| $4,615,000 | 2024 | Serial | 5% | 117.875
|
| $5,215,000 | 2025 | Serial | 5% | 118.685
|
| $1,555,000 | 2026 | Serial | 5% | 117.717
|
| $1,305,000 | 2027 | Serial | 5% | 116.855
|
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