By Sheri Kasprzak
New York, Sept. 16 - The Orange County Sanitation District of California priced Thursday $148.425 million of series 2011A wastewater refunding revenue obligations, said a pricing sheet.
The bonds (//AAA) were sold competitively with Bank of America Merrill Lynch winning the bid. The true interest cost came in at 2.61%.
The bonds are due 2012 to 2017 and 2023 to 2026 with 3% to 5% coupons.
Proceeds will be used to refund the district's outstanding series 2000 and 2003 certificates of obligation.
| Issuer: | Orange County Sanitation District
|
| Issue: | Series 2011A wastewater refunding revenue bonds
|
| Amount: | $148.425 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch
|
| TIC: | 2.61%
|
| Rating: | Fitch: AAA
|
| Pricing date: | Sept. 15
|
| Settlement date: | Oct. 3
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 102.289
|
| 2013 | Serial | 3% | 104.842
|
| 2014 | Serial | 4% | 109.963
|
| 2015 | Serial | 5% | 116.624
|
| 2016 | Serial | 5% | 119.065
|
| 2017 | Serial | 5% | 121.012
|
| 2023 | Serial | 4% | 111.152
|
| 2024 | Serial | 5% | 117.935
|
| 2025 | Serial | 3.25% | 100
|
| 2026 | Serial | 5% | 114.98
|
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