By Cristal Cody
Springdale, Ark., June 3 - Arlington County, Va., priced $111.185 million general obligation public improvement bonds with a 4.045% true interest cost on Tuesday, the county's financial adviser told Prospect News.
The series 2008 bonds (Aaa/AAA/AAA) priced with 3.25% to 5% coupons to yield 1.83% to 4.37%, said Sarah Greear, senior managing consultant of Public Financial Management.
The bonds have serial maturities from 2009 through 2028.
Davenport & Co. was the winning bidder in the competitive sale, Greear said.
Proceeds will be used for projects for schools, utilities, parks and recreation, transportation and community infrastructure.
| Issuer: | Arlington County, Va.
|
| Issue: | Series 2008 general obligation public improvement bonds
|
| Amount: | $111.185 million
|
| Type: | Competitive
|
| True interest cost: | 4.045%
|
| Coupons: | 3.25%-5%
|
| Yields: | 1.83%-4.37%
|
| Maturities: | 2009-2028
|
| Underwriter: | Davenport & Co.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | June 3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
