Published on 7/8/2014 in the Prospect News Municipals Daily.
New Issue: Orange County Sanitation, Calif., prices $85.09 million wastewater debt
By Sheri Kasprzak
New York, July 8 – The Orange County Sanitation District of California sold $85.09 million of series 2014A wastewater refunding revenue bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold competitively. The issuer did not immediately return calls for the winning bidder.
The bonds are due 2018 to 2027 with 5% coupons and 0.78% to 2.64% yields.
Proceeds will be used to prepay and retire the district’s series 2007B certificates of participation.
| Issuer: | Orange County Sanitation District, Calif.
|
| Issue: | Series 2014A wastewater refunding revenue bonds
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| Amount: | $85.09 million
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| Type: | Competitive
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| Ratings: | Standard & Poor’s: AAA
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| Fitch: AAA
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| Pricing date: | July 8
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| Settlement date: | Aug. 7
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| Amount | Maturity | Type | Coupon | Price | Yield
|
| $6,715,000 | 2018 | Serial | 5% | 114.473 | 0.78%
|
| $7,045,000 | 2019 | Serial | 5% | 116.967 | 1.11%
|
| $7.4 million | 2020 | Serial | 5% | 118.821 | 1.42%
|
| $7.85 million | 2021 | Serial | 5% | 120.312 | 1.68%
|
| $8,245,000 | 2022 | Serial | 5% | 121.373 | 1.92%
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| $8,655,000 | 2023 | Serial | 5% | 1222.34 | 2.11%
|
| $9,085,000 | 2024 | Serial | 5% | 122.982 | 2.29%
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| $9,545,000 | 2025 | Serial | 5% | 121.839 | 2.41%
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| $10,025,000 | 2026 | Serial | 5% | 120.615 | 2.54%
|
| $10,525,000 | 2027 | Serial | 5% | 119.684 | 2.64%
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