New Issue: Nashua, N.H., sells $150.57 million G.O. corporate acquisition bonds

By Sheri Kasprzak

New York, Jan. 11 - The City of Nashua, N.H., priced $150.57 million of series 2012 taxable general obligation corporate acquisition bonds, according to a pricing sheet.

The bonds (Aa2//AAA) were sold through J.P. Morgan Securities LLC.

The bonds are due 2013 to 2027 with term bonds due in 2032 and 2042. The serial coupons range from 0.5% to 3.767%, all priced at par. The 2032 bonds have a 4.226% coupon priced at par, and the 2042 bonds have a 4.376% coupon priced at par.

Proceeds will finance the city's acquisition of Pennichuck Corp., a publicly traded private sector holding company for the water utility that provides Nashua with water service.

Issuer:	Nashua, N.H.
Issue:	Series 2012 taxable general obligation corporate acquisition bonds
Amount:	$150.57 million
Type:	Negotiated
Underwriter:	J.P. Morgan Securities LLC
Ratings:	Moody's: Aa2
	Fitch: AAA
Pricing date:	Jan. 11
Settlement date:	Jan. 25
Amount	Maturity	Type	Coupon	Price
$3.39 million	2013	Serial	0.5%	100
$3.25 million	2014	Serial	0.924%	100
$3.28 million	2015	Serial	1.14%	100
$3.32 million	2016	Serial	1.502%	100
$3.37 million	2017	Serial	1.782%	100
$3.43 million	2018	Serial	2.159%	100
$3,505,000	2019	Serial	2.459%	100
$3.59 million	2020	Serial	2.757%	100
$3.69 million	2021	Serial	2.877%	100
$3,795,000	2022	Serial	3.047%	100
$3.91 million	2023	Serial	3.197%	100
$4,035,000	2024	Serial	3.347%	100
$4.17 million	2025	Serial	3.517%	100
$4,315,000	2026	Serial	3.667%	100
$4,475,000	2027	Serial	3.767%	100
$25.26 million	2032	Term	4.226%	100
$69,785,000	2042	Term	4.376%	100

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