Published on 7/29/2015 in the Prospect News Municipals Daily.
New Issue: Prince William County, Va., brings $61.81 million G.O. improvement bonds
By Sheri Kasprzak
New York, July 29 – Prince William County, Va., sold $61,805,000 of series 2015 general obligation public improvement bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively. The issuer did not return calls for the winning bidder Wednesday.
The bonds are due 2016 to 2035 with 2% % to 5% coupons and 0.27% to 3.37% yields.
Proceeds will finance various capital projects, including roads, libraries and parks.
| Issuer: | Prince William County, Va.
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| Issue: | Series 2015 general obligation public improvement bonds
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| Amount: | $61,805,000
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| Type: | Competitive
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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| Fitch: AAA
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| Pricing date: | July 29
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| Settlement date: | Aug. 13
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| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,095,000 | 2016 | Serial | 2% | 101.668 | 0.27%
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| $3.09 million | 2017 | Serial | 4% | 106.515 | 0.66%
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| $3.09 million | 2018 | Serial | 5% | 111.975 | 0.90%
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| $3.09 million | 2019 | Serial | 5% | 115.138 | 1.09%
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| $3.09 million | 2020 | Serial | 5% | 117.687 | 1.31%
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| $3.09 million | 2021 | Serial | 5% | 119.4 | 1.58%
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| $3.09 million | 2022 | Serial | 5% | 120.5 | 1.85%
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| $3.09 million | 2023 | Serial | 5% | 122.073 | 1.99%
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| $3.09 million | 2024 | Serial | 5% | 123.404 | 2.12%
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| $3.09 million | 2025 | Serial | 5% | 122.307 | 2.24%
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| $3.09 million | 2026 | Serial | 3% | 104.896 | 2.39%
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| $3.09 million | 2027 | Serial | 3% | 104.157 | 2.48%
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| $3.09 million | 2028 | Serial | 4% | 109.373 | 2.81%
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| $3.09 million | 2029 | Serial | 4% | 108.3 | 2.94%
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| $3.09 million | 2030 | Serial | 3% | 99.283 | 3.06%
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| $3.09 million | 2031 | Serial | 3.5% | 102.321 | 3.20%
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| $3.09 million | 2032 | Serial | 3.5% | 101.93 | 3.25%
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| $3.09 million | 2033 | Serial | 3.5% | 101.618 | 3.29%
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| $3.09 million | 2034 | Serial | 3.75% | 103.231 | 3.33%
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| $3.09 million | 2035 | Serial | 3.75% | 102.918 | 3.37%
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