Published on 6/14/2012 in the Prospect News Municipals Daily.
New Issue: Onondaga County, N.Y., sells $51.43 million of general obligation bonds
By Sheri Kasprzak
New York, June 14 - Onondaga County, N.Y., sold $51,425,000 of series 2012 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AAA) were sold competitively. The issuer did not return calls for the winning bidder by press time Thursday.
The bonds are due 2014 to 2037 with 3% to 5% coupons.
Proceeds will be used to finance road improvements, bridge reconstructions, county building reconstructions, land purchases, technology acquisitions and other county capital improvements.
| Issuer: | Onondaga County, N.Y.
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $51,425,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AAA
|
| Pricing date: | June 14
|
| Settlement date: | June 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.5 million | 2014 | Serial | 3% | 104.501
|
| $3.55 million | 2015 | Serial | 3% | 106.401
|
| $3 million | 2016 | Serial | 4% | 112
|
| $3,125,000 | 2017 | Serial | 4% | 114.143
|
| $2.9 million | 2018 | Serial | 4% | 115.444
|
| $3.2 million | 2019 | Serial | 4% | 116.196
|
| $3.3 million | 2020 | Serial | 5% | 123.715
|
| $3.15 million | 2021 | Serial | 5% | 121.67
|
| $2,675,000 | 2022 | Serial | 5% | 119.903
|
| $2.7 million | 2023 | Serial | 3% | 104.263
|
| $2.75 million | 2024 | Serial | 3% | 102.818
|
| $2.75 million | 2025 | Serial | 3% | 101.75
|
| $2,825,000 | 2026 | Serial | 3% | 100.694
|
| $2,425,000 | 2027 | Serial | 3% | 100
|
| $1,675,000 | 2028 | Serial | 3% | 98.753
|
| $1,675,000 | 2029 | Serial | 3% | 97.409
|
| $1,675,000 | 2030 | Serial | 3% | 95.976
|
| $1,275,000 | 2031 | Serial | 3.25% | 98.333
|
| $1,275,000 | 2032 | Serial | 3.25% | 97.421
|
| $400,000 | 2033 | Serial | 3.25% | 96.319
|
| $400,000 | 2034 | Serial | 3.375% | 97.352
|
| $400,000 | 2035 | Serial | 3.5% | 98.448
|
| $400,000 | 2036 | Serial | 3.5% | 97.621
|
| $400,000 | 2037 | Serial | 3.5% | 96.765
|
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