Published on 9/6/2012 in the Prospect News Municipals Daily.
New Issue: Orange County, Fla., prices $96.19 million of sales tax revenue refunding bonds
By Sheri Kasprzak
New York, Sept. 6 - Orange County, Fla., sells $96,195,000 of series 2012C sales tax revenue refunding bonds, according to a pricing sheet.
The bonds (Aa2/AA/AA+) were sold competitively, but the issuer did not return calls for the winning bidder by press time Thursday.
The bonds are due 2014 to 2024 with 2% to 5% coupons.
Proceeds will be used to refund the county's series 2002A sales tax revenue bonds.
| Issuer: | Orange County, Fla.
|
| Issue: | Series 2012C sales tax revenue refunding bonds
|
| Amount: | $96,195,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA+
|
| Pricing date: | Sept. 6
|
| Settlement date: | Oct. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,245,000 | 2014 | Serial | 2% | 101.921
|
| $3.28 million | 2015 | Serial | 3% | 105.457
|
| $3,285,000 | 2016 | Serial | 3% | 107.531
|
| $2.13 million | 2017 | Serial | 4% | 112.657
|
| $7.26 million | 2018 | Serial | 4% | 114.189
|
| $11,755,000 | 2019 | Serial | 5% | 120.654
|
| $12.34 million | 2020 | Serial | 5% | 121.792
|
| $12.96 million | 2021 | Serial | 5% | 122.779
|
| $13,605,000 | 2022 | Serial | 5% | 124.438
|
| $14,285,000 | 2023 | Serial | 5% | 125.032
|
| $13.05 million | 2024 | Serial | 5% | 126.387
|
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