Published on 10/30/2013 in the Prospect News Municipals Daily.
New Issue: Oyster Bay, N.Y., offers up $107.1 million of public improvement bonds
By Sheri Kasprzak
New York, Oct. 30 - The Town of Oyster Bay, N.Y., sold $107,095,000 of series 2013B public improvement bonds, according to a pricing sheet.
The bonds (/A-/) were sold competitively with Citigroup Global Markets Inc. winning the bid.
The bonds are due 2014 to 2027 with 2% to 4% coupons and 0.4% to 4.07% yields.
Proceeds will be used to finance capital improvements for the town.
Issuer: | Town of Oyster Bay, N.Y.
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Issue: | Series 2013B public improvement bonds
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Amount: | $107,095,000
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Type: | Competitive
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Underwriter: | Citigroup Global Markets Inc. (winner)
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Rating: | Standard & Poor's: A-
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Pricing date: | Oct. 30
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Settlement date: | Nov. 14
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Amount | Maturity | Type | Coupon | Price | Yield
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$6.67 million | 2014 | Serial | 2% | 101.537 | 0.40%
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$6.66 million | 2015 | Serial | 3% | 104.678 | 0.60%
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$6,795,000 | 2016 | Serial | 3% | 106.279 | 0.85%
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$6,965,000 | 2017 | Serial | 3% | 106.347 | 1.35%
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$7.14 million | 2018 | Serial | 3% | 105.429 | 1.85%
|
$7,245,000 | 2019 | Serial | 4% | 109.422 | 2.30%
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$7.38 million | 2020 | Serial | 4% | 107.872 | 2.75%
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$7,485,000 | 2021 | Serial | 4% | 105.597 | 3.10%
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$7.75 million | 2022 | Serial | 4% | 104.006 | 3.35%
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$7.98 million | 2023 | Serial | 4% | 102.753 | 3.55%
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$8.28 million | 2024 | Serial | 4% | 101.825 | 3.70%
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$8.57 million | 2025 | Serial | 4% | 100.907 | 3.85%
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$8.91 million | 2026 | Serial | 4% | 100 | 4.00%
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$9,265,000 | 2027 | Serial | 4% | 99.258 | 4.07%
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