Published on 12/7/2012 in the Prospect News Municipals Daily.
New Issue: Wyandotte County/Kansas City Public Utilities prices $79.54 million of 2012B bonds
By Sheri Kasprzak
New York, Dec. 7 - The Unified Government of Wyandotte County/Kansas City Board of Public Utilities sold $79.54 million of series 2012B utility system improvement revenue bonds, according to a pricing sheet.
The bonds (A2//A+) were sold through BMO Capital Markets LLC.
The bonds are due 2013 to 2028 with term bonds due in 2032 and 2037. The serial coupons range from 3% to 5%. The 2032 bonds have a 5% coupon priced at 118.299. The 2037 bonds have a 3.125% coupon priced at 95.748 and a 5% coupon priced at 115.724.
Proceeds will be used to finance improvements to the government's utility system.
| Issuer: | Unified Government of Wyandotte County/Kansas City Board of Public Utilities
|
| Issue: | Series 2012B utility system improvement revenue bonds
|
| Amount: | $79.54 million
|
| Type: | Negotiated
|
| Underwriter: | BMO Capital Markets LLC (lead)
|
| Rating: | Moody's: A2
|
| Fitch: A+
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 17
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,615,000 | 2013 | Serial | 4% | 102.533
|
| $1.87 million | 2014 | Serial | 4% | 105.847
|
| $1,845,000 | 2015 | Serial | 4% | 108.771
|
| $1.87 million | 2016 | Serial | 2% | 103.925
|
| $1,665,000 | 2017 | Serial | 4% | 113.311
|
| $1,735,000 | 2018 | Serial | 4% | 115.037
|
| $1,805,000 | 2019 | Serial | 4% | 116.236
|
| $1,875,000 | 2020 | Serial | 4% | 116.779
|
| $1.95 million | 2021 | Serial | 4% | 116.774
|
| $2.03 million | 2022 | Serial | 5% | 125.24
|
| $2.13 million | 2023 | Serial | 5% | 123.755
|
| $3,085,000 | 2024 | Serial | 5% | 122.874
|
| $3.24 million | 2025 | Serial | 5% | 122.194
|
| $1,405,000 | 2026 | Serial | 3% | 100
|
| $2 million | 2026 | Serial | 5% | 121.615
|
| $1,545,000 | 2027 | Serial | 3% | 98.823
|
| $2 million | 2027 | Serial | 5% | 121.038
|
| $1.69 million | 2028 | Serial | 3% | 98.149
|
| $2 million | 2028 | Serial | 5% | 120.466
|
| $16,565,000 | 2032 | Term | 5% | 118.299
|
| $5 million | 2037 | Term | 3.125% | 95.748
|
| $20.62 million | 2037 | Term | 5% | 115.724
|
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