Published on 3/17/2015 in the Prospect News Municipals Daily.
New Issue: Pima County, Ariz., offers $57.03 million certificates of participation
By Sheri Kasprzak
New York, March 17 – Pima County, Ariz., sold $57,025,000 of series 2015 certificates of participation, said a pricing sheet.
The certificates (/A+/AA-) were sold through lead underwriter RBC Capital Markets LLC.
The COPs are due 2015 to 2018 with 1% to 5% coupons and 0.15% to 1.41% yields.
Proceeds will be used to finance county improvements.
| Issuer: | Pima County, Ariz.
|
| Issue: | Series 2015 certificates of participation
|
| Amount: | $57,025,000
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Ratings: | Standard & Poor’s: A+
|
| Fitch: AA-
|
| Pricing date: | March 17
|
| Settlement date: | April 15
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $15 million | 2015 | Serial | 1% | 100.533 | 0.15%
|
| $15 million | 2016 | Serial | 2% | 102.264 | 0.6%
|
| $15 million | 2017 | Serial | 5% | 110.182 | 1.06%
|
| $12,025,000 | 2018 | Serial | 5% | 112.651 | 1.41%
|
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