By Sheri Kasprzak
New York, Sept. 22 - The city of Murfreesboro, Tenn., priced $131.597 million in series 2009 general obligation water and sewer electric system revenue bonds on Tuesday, according to a pricing sheet.
The bonds (A1/AA/) were sold in three tranches through Merrill Lynch & Co. Inc.
The series 2009A bonds are due 2010 to 2020 with coupons from 2% to 5% and the 2009B bonds are due 2010 to 2021 with coupons from 2% to 3.375%. The 2009C bonds are due 2010 to 2026 with coupons from 2% to 5%.
Proceeds will be used to fund water and sewer improvements, as well as to refund existing debt.
| Issuer: | City of Murfreesboro, Tenn.
|
| Issue: | Series 2009 general obligation water and sewer electric system revenue bonds
|
| Amount: | $131.597 million
|
| Type: | Negotiated
|
| Underwriter: | Merrill Lynch & Co. Inc. (lead)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: AA
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 30
|
|
|
| Series 2009A
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.853
|
| 2011 | Serial | 5% | 106.553
|
| 2012 | Serial | 5% | 109.261
|
| 2013 | Serial | 5% | 111.387
|
| 2014 | Serial | 5% | 112.689
|
| 2015 | Serial | 5% | 113.645
|
| 2016 | Serial | 5% | 114.408
|
| 2017 | Serial | 5% | 114.492
|
| 2018 | Serial | 5% | 114.671
|
| 2019 | Serial | 5% | 114.744
|
| 2020 | Serial | 5% | NRO
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.853
|
| 2011 | Serial | 2% | 101.601
|
| 2012 | Serial | 2% | 101.382
|
| 2013 | Serial | 2% | 100.671
|
| 2014 | Serial | 2.5% | 101.501
|
| 2015 | Serial | 2.25% | 99.051
|
| 2016 | Serial | 2.5% | 99.026
|
| 2017 | Serial | 3% | 100.681
|
| 2018 | Serial | 3% | 99.318
|
| 2019 | Serial | 3.125% | 99.049
|
| 2020 | Serial | 3.25% | 99.017
|
| 2021 | Serial | 3.375% | 98.997
|
|
|
| Series 2009C
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2% | 100.853
|
| 2011 | Serial | 5% | 106.553
|
| 2012 | Serial | 5% | 109.205
|
| 2013 | Serial | 4% | 107.739
|
| 2013 | Serial | 2% | 100.671
|
| 2014 | Serial | 5% | 112.547
|
| 2015 | Serial | 4% | 108.266
|
| 2016 | Serial | 4% | 108.137
|
| 2016 | Serial | 3% | 102.063
|
| 2017 | Serial | 5% | 114.492
|
| 2018 | Serial | 5% | 114.671
|
| 2019 | Serial | 5% | 114.774
|
| 2020 | Serial | 5% | NRO
|
| 2021 | Serial | 4% | NRO
|
| 2022 | Serial | 4% | NRO
|
| 2023 | Serial | 4% | NRO
|
| 2024 | Serial | 4% | NRO
|
| 2025 | Serial | 4% | NRO
|
| 2026 | Serial | 4% | NRO
|
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