Published on 5/8/2013 in the Prospect News Municipals Daily.
New Issue: Athens-Clarke County, Ga., prices $52.38 million jail expansion G.O.s
By Sheri Kasprzak
New York, May 8 - The Unified Government of Athens-Clarke County of Georgia offered $52.38 million of series 2013 jail expansion project general obligation sales tax bonds, according to a pricing sheet.
The bonds (Aa1/AA/) were sold through Baird & Co.
The bonds are due 2013 to 2018 with 1.25% to 4% coupons and 0.23% to 0.95% yields.
Proceeds will be used to construct or renovate jail facilities in Athens, Ga.
| Issuer: | Unified Government of Athens-Clarke County, Ga.
|
| Issue: | Series 2013 jail expansion project general obligation sales tax bonds
|
| Amount: | $52.38 million
|
| Type: | Negotiated
|
| Underwriter: | Baird & Co. (lead)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | May 8
|
| Settlement date: | May 22
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $4.5 million | 2013 | Serial | 2% | 100.928 | 0.23%
|
| $9,145,000 | 2014 | Serial | 3% | 104.026 | 0.35%
|
| $500,000 | 2015 | Serial | 2% | 103.887 | 0.45%
|
| $8,895,000 | 2015 | Serial | 4% | 108.902 | 0.45%
|
| $9,685,000 | 2016 | Serial | 4% | 111.841 | 0.60%
|
| $725,000 | 2017 | Serial | 1.25% | 102.175 | 0.76%
|
| $2 million | 2017 | Serial | 3% | 109.944 | 0.76%
|
| $7.3 million | 2017 | Serial | 4% | 114.384 | 0.76%
|
| $1.6 million | 2018 | Serial | 1.5% | 102.953 | 0.95%
|
| $8.03 million | 2018 | Serial | 4% | 116.378 | 0.95%
|
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