New Issue: Turlock Public Financing, Calif., sells $51.92 million of series 2012 sewer revenue bonds

By Sheri Kasprzak

New York, Aug. 23 - The Turlock Public Financing Authority of California sold $51,915,000 of series 2012 sewer revenue bonds, said a term sheet.

The bonds (A1/AA/) were sold through De La Rosa & Co.

The bonds are due 2013 to 2029 with a term bond due in 2033. The serial coupons range from 2% to 5%. The 2033 bonds have a 4% coupon priced at 98.599.

Proceeds will be used to refund the authority's series 1999 and 2003A revenue bonds.

Issuer:	Turlock Public Financing Authority, Calif.
Issue:	Series 2012 sewer revenue bonds
Amount:	$51,915,000
Type:	Negotiated
Underwriter:	De La Rosa & Co.
Ratings:	Moody's: A1
	Standard & Poor's: AA
Pricing date:	Aug. 23
Settlement date:	Sept. 6
Amount	Maturity	Type	Coupon	Price
$1,865,000	2013	Serial	2%	101.624
$1,955,000	2014	Serial	3%	104.844
$2.01 million	2015	Serial	3%	106.779
$2.08 million	2016	Serial	4%	112.269
$2,165,000	2017	Serial	4%	113.928
$2,255,000	2018	Serial	4%	114.66
$2.35 million	2019	Serial	4%	114.527
$2.45 million	2020	Serial	4%	113.647
$2,545,000	2021	Serial	4%	112.999
$2,655,000	2022	Serial	4%	112.849
$2.76 million	2023	Serial	5%	119.887
$2,905,000	2024	Serial	5%	118.345
$2.51 million	2025	Serial	5%	117.583
$820,000	2026	Serial	3.125%	96.626
$1,825,000	2026	Serial	5%	116.921
$2.77 million	2027	Serial	3.25%	96.529
$2.86 million	2028	Serial	3.375%	96.331
$2.96 million	2029	Serial	3.5%	96.263
$10,175,000	2033	Term	4%	98.599

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