By Sheri Kasprzak
New York, March 2 - The Town of Oyster Bay priced $171.02 million of series 2011 general obligation bonds and series 2011A bond anticipation notes (AAA), said pricing sheets.
The town sold $61.575 million of series 2011 general obligation bonds, $59.445 million of series 2011A public improvement BANs and $50 million of series 2011A bond anticipation notes.
The G.O. bonds are due 2012 to 2020 with 2% to 2.625% coupons. The bonds were sold competitively with Citigroup Global Markets Inc. winning the bid.
The public improvement BANs are due March 9, 2012 and have a 2.5% coupon priced at 102.085. J.P. Morgan Securities LLC won that bid.
The BANs are due March 9, 2012 and have a 2% coupon priced at 101.587. Those notes were sold competitively with Wells Fargo Securities LLC winning the bid.
Proceeds will be used to fund the reconstruction of town buildings, conservation of parks, beaches and recreational areas and construction and maintenance of highways.
| Issuer: | Oyster Bay, N.Y.
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $61.575 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| Rating: | Standard & Poor's: AAA
|
| Pricing date: | March 2
|
| Settlement date: | March 9
|
|
|
| $61.575 million series 2011 general obligation bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $5.47 million | 2012 | Serial | 2% | NRO
|
| $6.28 million | 2013 | Serial | 2% | NRO
|
| $6.475 million | 2014 | Serial | 2% | 102.923
|
| $6.695 million | 2015 | Serial | 2% | 102.116
|
| $6.93 million | 2016 | Serial | 2% | 101.425
|
| $7.17 million | 2017 | Serial | 2.25% | 101.401
|
| $7.315 million | 2018 | Serial | 2.5% | 101.281
|
| $7.5 million | 2019 | Serial | 2.5% | 100
|
| $7.74 million | 2020 | Serial | 2.625% | 99.011
|
|
|
| Issuer: | Oyster Bay, N.Y.
|
| Issue: | Series 2011A public improvement bond anticipation notes
|
| Amount: | $59.445 million
|
| Maturity: | March 9, 2012
|
| Coupon: | 2.5%
|
| Price: | 102.085
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| Pricing date: | March 2
|
| Settlement date: | March 9
|
|
|
| Issuer: | Oyster Bay, N.Y.
|
| Issue: | Series 2011A bond anticipation notes
|
| Amount: | $50 million
|
| Maturity: | March 9, 2012
|
| Coupon: | 2%
|
| Price: | 101.587
|
| Type: | Competitive
|
| Underwriter: | Wells Fargo Securities LLC (winner)
|
| Pricing date: | March 2
|
| Settlement date: | March 10
|
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