By Sheri Kasprzak
New York, Dec. 8 - The Orlando Utilities Commission of Florida sold $86.45 million of series 2011 utility system revenue refinancing bonds, according to a pricing sheet.
The bonds (Aa1/AA/AA) were sold through senior manager Barclays Capital Inc.
The bonds are due 2019 to 2027 with coupons from 4% to 5%.
Proceeds will be used to refinance the commission's series 2002A and 2003A-B utility system revenue bonds.
Issuer: | Orlando Utilities Commission
|
Issue: | Series 2011 utility system revenue refinancing bonds
|
Amount: | $86.45 million
|
Type: | Negotiated
|
Underwriter: | Barclays Capital Inc.
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Fitch: AA
|
Pricing date: | Dec. 8
|
Settlement date: | Dec. 22
|
|
Amount | Maturity | Type | Coupon | Price
|
$3 million | 2019 | Serial | 4% | 115.266
|
$9.82 million | 2019 | Serial | 5% | 122.467
|
$3 million | 2020 | Serial | 4% | 114.806
|
$10.43 million | 2020 | Serial | 5% | 122.767
|
$12 million | 2021 | Serial | 4% | 114.709
|
$12.925 million | 2021 | Serial | 5% | 123.413
|
$5 million | 2022 | Serial | 4% | 114.393
|
$21.05 million | 2022 | Serial | 5% | 123.802
|
$2.14 million | 2024 | Serial | 5% | 117.572
|
$2.245 million | 2025 | Serial | 5% | 116.187
|
$2.36 million | 2026 | Serial | 5% | 115.002
|
$2.48 million | 2027 | Serial | 5% | 113.92
|
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