By Sheri Kasprzak
New York, March 2 - The Tohopekaliga Water Authority of Florida priced $94.82 million of series 2011A utility system revenue refunding bonds, said a pricing sheet.
The bonds (Aa3/AA+) were sold through senior manager FirstSouthwest Co.
The bonds are due 2011 to 2032 with a term bond due 2036. The serial coupons range from 2.25% to 5.75%. The 2036 bonds have a 5.25% coupon priced at 99.303.
Proceeds will be used to refund the authority's series 2007 bonds and terminate a swap agreement connected to those bonds.
| Issuer: | Tohopekaliga Water Authority
|
| Issue: | Series 2011A utility system revenue refunding bonds
|
| Amount: | $94.82 million
|
| Type: | Negotiated
|
| Underwriter: | FirstSouthwest Co.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA+
|
| Pricing date: | March 2
|
| Settlement date: | March 24
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | NRO
|
| 2012 | Serial | 3% | 102.9
|
| 2013 | Serial | 2.25% | 101.897
|
| 2013 | Serial | 4% | 106.209
|
| 2014 | Serial | 2.375% | 101.268
|
| 2014 | Serial | 4% | 106.763
|
| 2015 | Serial | 2.75% | 101.619
|
| 2015 | Serial | 4.5% | 109.077
|
| 2016 | Serial | 3% | 101.785
|
| 2016 | Serial | 4.75% | 110.716
|
| 2017 | Serial | 3.25% | 101.469
|
| 2017 | Serial | 5% | 111.762
|
| 2018 | Serial | 3.5% | 100
|
| 2018 | Serial | 5% | 100
|
| 2019 | Serial | 3.625% | 100
|
| 2019 | Serial | 5% | 100
|
| 2020 | Serial | 3.875% | 100
|
| 2020 | Serial | 5% | 100
|
| 2021 | Serial | 4% | 100
|
| 2021 | Serial | 5% | 100
|
| 2022 | Serial | 5% | 108.071
|
| 2023 | Serial | 4.25% | 98.851
|
| 2023 | Serial | 5% | 106.22
|
| 2025 | Serial | 5.25% | 106.401
|
| 2026 | Serial | 5% | 101.884
|
| 2027 | Serial | 5% | 101.141
|
| 2028 | Serial | 4.875% | 98.896
|
| 2028 | Serial | 5% | 100.405
|
| 2029 | Serial | 5.75% | 108.203
|
| 2030 | Serial | 5.75% | 107.517
|
| 2031 | Serial | 5.75% | 106.92
|
| 2032 | Serial | 5.75% | 106.076
|
| 2036 | Term | 5.25% | 99.303
|
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