By Sheri Kasprzak
New York, Nov. 29 - The Orange County Sanitation District of California priced Monday $157 million of series 2010C wastewater revenue obligations, according to a pricing sheet.
The bonds (/AAA/AAA) were sold competitively with Barclays Capital Inc. winning the bid.
The bonds are due Feb. 1, 2032 and Feb. 1, 2044. The 2032 bonds have a 6.35% coupon, and the 2044 bonds have a 6.4% coupon priced at 101.654. The 2032 bonds were not reoffered.
Proceeds from the sale will be used to finance improvements to the county's wastewater system.
| Issuer: | Orange County Sanitation District
|
| Issue: | Series 2010C wastewater revenue obligations
|
| Amount: | $157 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc. (winner)
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $22.83 million | Feb. 1, 2032 | Term | 6.35% | NRO
|
| $134.17 million | Feb. 1, 2044 | Term | 6.4% | 101.654
|
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