By Cristal Cody
Springdale, Ark., July 14 - The city of Omaha priced $75.54 million general obligation refunding bonds with a 3.829486% true interest cost on Monday, a sellside source told Prospect News.
The series 2008 bonds (Aaa/AAA/) priced with 3.75% to 5% coupons to yield 1.8% to 4.38%.
The bonds have serial maturities from 2009 through 2025.
D.A. Davidson & Co. managed the negotiated sale.
Proceeds will refund maturities from outstanding bonds sold by the cities of Omaha and Elkhorn and Douglas County.
| Issuer: | Omaha, Neb.
|
| Issue: | General obligation refunding bonds
|
| Amount: | $75.54 million
|
| Type: | Negotiated
|
| True interest cost: | 3.829486%
|
| Maturities: | 2009-2025
|
| Underwriter: | D.A. Davidson & Co.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | July 14
|
| Settlement date: | July 24
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 4% | 1.8%
|
| 2010 | Serial | 3.75% | 2.32%
|
| 2011 | Serial | 4.5% | 2.7%
|
| 2012 | Serial | 4% | 2.93%
|
| 2013 | Serial | 3.75% | 3.09%
|
| 2014 | Serial | 3.75% | 3.22%
|
| 2014 | Serial | 4.25% | 3.22%
|
| 2014 | Serial | 5% | 3.22%
|
| 2015 | Serial | 3.75% | 3.36%
|
| 2015 | Serial | 5% | 3.36%
|
| 2016 | Serial | 5% | 3.49%
|
| 2017 | Serial | 4% | 3.63%
|
| 2017 | Serial | 5% | 3.63%
|
| 2018 | Serial | 4% | 3.77%
|
| 2018 | Serial | 5% | 3.77%
|
| 2019 | Serial | 5% | 3.89%
|
| 2020 | Serial | 5% | 3.98%
|
| 2021 | Serial | 4.375% | 4.18%
|
| 2022 | Serial | 4.375% | 4.24%
|
| 2023 | Serial | 4.5% | 4.3%
|
| 2024 | Serial | 4.25% | 4.35%
|
| 2025 | Serial | 4.25% | 4.38%
|
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