Published on 6/5/2012 in the Prospect News Municipals Daily.
New Issue: Arlington County, Va., prices $108.14 million of G.O. improvement bonds
By Sheri Kasprzak
New York, June 5 - Arlington County, Va., priced $108.14 million of series 2012 general obligation public improvement bonds, said a pricing sheet.
The bonds (Aaa//AAA) were sold competitively with J.P. Morgan Securities LLC winning the bid, said Jason Friess, financial analyst with the county's Department of Management and Finance. The true interest cost came in at 2.77%.
The bonds are due 2013 to 2032 with coupons from 3% to 5%.
Proceeds will be used to finance capital improvement projects within the county.
| Issuer: | Arlington County, Va.
|
| Issue: | Series 2012 general obligation public improvement bonds
|
| Amount: | $108.14 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| TIC: | 2.77%
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | June 5
|
| Settlement date: | June 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.42 million | 2013 | Serial | 3% | 103.222
|
| $3,565,000 | 2014 | Serial | 5% | NRO
|
| $4 million | 2015 | Serial | 5% | NRO
|
| $7.2 million | 2016 | Serial | 5% | 118.064
|
| $5,955,000 | 2017 | Serial | 5% | 121.271
|
| $5.6 million | 2018 | Serial | 5% | 123.945
|
| $5.6 million | 2019 | Serial | 5% | 126.048
|
| $5.6 million | 2020 | Serial | 5% | 127.29
|
| $5.6 million | 2021 | Serial | 5% | 128.25
|
| $5.6 million | 2022 | Serial | 5% | 129.462
|
| $5.6 million | 2023 | Serial | 5% | 130.319
|
| $5.6 million | 2024 | Serial | 5% | 130.96
|
| $5.6 million | 2025 | Serial | 5% | 131.556
|
| $5.6 million | 2026 | Serial | 5% | 132.455
|
| $5.6 million | 2027 | Serial | 4% | 111.713
|
| $5.6 million | 2028 | Serial | 4% | 111.23
|
| $5.6 million | 2029 | Serial | 4% | 110.773
|
| $5.6 million | 2030 | Serial | 4% | 110.22
|
| $5.6 million | 2031 | Serial | 5% | 132.754
|
| $5.6 million | 2032 | Serial | 5% | 135.002
|
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