Published on 1/13/2015 in the Prospect News Municipals Daily.
New Issue: Orange County Sanitation District, Calif., prices $127.51 million revenue obligations
By Sheri Kasprzak
New York, Jan. 13 – The Orange County Sanitation District of California sold $127.51 million of series 2015A wastewater refunding revenue obligations, according to a pricing sheet.
The bonds (/AAA/AAA) were sold competitively.
The bonds are due 2028 to 2031 and 2034 and 2037. The bonds have 5% coupons and yields from 2.03% to 2.5%.
Proceeds will be used to prepay and retire a portion of the district’s series 2007B certificates of participation.
Issuer: | Orange County Sanitation District
|
Issue: | Series 2015A wastewater refunding revenue obligations
|
Amount: | $127.51 million
|
Type: | Competitive
|
Ratings: | Standard & Poor’s: AAA
|
| Fitch: AAA
|
Pricing date: | Jan. 13
|
Settlement date: | Feb. 12
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$15.24 million | 2028 | Serial | 5% | 125.468 | 2.03%
|
$16,045,000 | 2029 | Serial | 5% | 124.785 | 2.10%
|
$15,965,000 | 2030 | Serial | 5% | 123.816 | 2.20%
|
$6,215,000 | 2031 | Serial | 5% | 123.72 | 2.21%
|
$17.18 million | 2034 | Serial | 5% | 122.379 | 2.35%
|
$18.04 million | 2035 | Serial | 5% | 121.716 | 2.42%
|
$18.94 million | 2036 | Serial | 5% | 121.245 | 2.47%
|
$19,885,000 | 2037 | Serial | 5% | 120.963 | 2.50%
|
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