Published on 3/26/2014 in the Prospect News Municipals Daily.
New Issue: New Britain, Conn., sells $55.3 million of G.O. bond anticipation notes
By Sheri Kasprzak
New York, March 26 - The City of New Britain, Conn., sold $55,305,000 of series 2014A general obligation bond anticipation notes, according to an official statement.
The notes were sold through lead manager William Blair & Co.
The notes are due Oct. 30, 2014 and have a 2% coupon to yield 0.75%.
Proceeds will be used to finance municipal improvements and capital projects.
| Issuer: | New Britain, Conn.
|
| Issue: | Series 2014A general obligation bond anticipation notes
|
| Amount: | $55,305,000
|
| Maturity: | Oct. 30, 2014
|
| Coupon: | 2%
|
| Yield: | 0.75%
|
| Type: | Negotiated
|
| Underwriter: | William Blair & Co. (lead)
|
| Pricing date: | March 20
|
| Settlement date: | March 26
|
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