By Aaron Hochman-Zimmerman
New York, April 3 - Tualatin Hills Park & Recreation District in Oregon priced $58.5 million in series 2009 general obligation bonds (Aa2/AA/) on Thursday, according to a district press release.
BMO Capital Markets won the auction over seven other bidders with an offer of a 4.19% true interest cost. Seattle-Northwest Securities Corp acted as financial adviser.
The bonds carry maturities from 2010 to 2029.
Proceeds will be used for capital construction costs.
| Issuer: | Tualatin Hills Park & Recreation District, Oregon
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $58.5 million
|
| Maturities: | 2010 to 2029
|
| True interest cost: | 4.19%
|
| Type: | Competitive
|
| Underwriter: | BMO Capital Markets
|
| Pricing date: | April 2
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
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