By Sheri Kasprzak
New York, June 22 - Renewable Water Resources of South Carolina priced Tuesday $63.83 million in series 2010A sewer system refunding revenue bonds, said a pricing sheet.
The bonds (Aa3/AA/) were sold on a negotiated basis with Wells Fargo Securities Inc. as the lead manager.
The bonds are due 2011 to 2025 with coupons from 3% to 5%. The full pricing details were not immediately available.
Proceeds will be used to refund Renewable Water Resources' series 1994, 1998, 2001A-B, 2003A-B and 2004 bonds.
Based in Greenville, S.C., Renewable Water Resources provides water treatment services.
| Issuer: | Renewable Water Resources
|
| Issue: | Series 2010A sewer system refunding revenue bonds
|
| Amount: | $63.83 million
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities Inc.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Pricing date: | June 22
|
|
|
| Maturity | Type | Coupon
|
| 2011 | Serial | 3%
|
| 2012 | Serial | 4%
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 3%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 4%
|
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