Published on 8/13/2012 in the Prospect News Municipals Daily.
New Issue: Orange County Sanitation District, Calif., brings $66.4 million of wastewater bonds
By Sheri Kasprzak
New York, Aug. 13 - The Orange County Sanitation District of California priced $66,395,000 of series 2012B wastewater refunding revenue bonds, said a pricing sheet.
The bonds (/AAA/AAA) were sold competitively with Citigroup Global Markets Inc. winning the bid, according to district spokesman Michael Gold. The true interest cost came in at 1.5%.
The bonds are due 2019 to 2026 with 3% to 5% coupons.
Proceeds will be used to refund the district's series 2000A-B certificates of participation.
| Issuer: | Orange County Sanitation District
|
| Issue: | Series 2012B wastewater refunding revenue bonds
|
| Amount: | $66,395,000
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 1.5%
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $19.92 million | 2019 | Serial | 5% | 124.107
|
| $20,915,000 | 2020 | Serial | 5% | 125.813
|
| $17.39 million | 2021 | Serial | 5% | 127.159
|
| $1.5 million | 2022 | Serial | 4% | 120.306
|
| $1,605,000 | 2023 | Serial | 4% | 119.054
|
| $1.63 million | 2024 | Serial | 3% | 109.39
|
| $1,715,000 | 2025 | Serial | 3% | 108.488
|
| $1.72 million | 2026 | Serial | 3% | 107.683
|
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