By Sheri Kasprzak
New York, May 11 - The Orange County Sanitation District of California priced $80.27 million of series 2010A wastewater revenue obligation Build America Bonds, said a pricing sheet.
The bonds (/AAA/AAA) were sold competitively, with Citigroup Global Markets Inc. winning the bid. The true interest cost came in at 3.68%. Public Resources Advisory Group was the financial adviser.
The bonds are due 2036 and 2040. The 2036 bonds have a 5.56% coupon, priced at par, and the 2040 bonds have a 5.58% coupon, also priced at par.
Proceeds will be used to fund the construction, acquisition and installation of improvements to the district's wastewater collection, treatment and disposal facilities.
| Issuer: | Orange County Sanitation District
|
| Issue: | Series 2010A wastewater revenue obligation Build America Bonds
|
| Amount: | $80.27 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 3.68%
|
| Ratings: | Standard & Poor's AAA
|
| Fitch: AAA
|
| Pricing date: | May 11
|
| Settlement date: | May 18
|
|
|
| Maturity | Type | Coupon | Price
|
| 2036 | Term | 5.56% | 100
|
| 2040 | Term | 5.58% | 100
|
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