By Sheri Kasprzak
New York, Jan. 24 - Wake County in North Carolina sold $172.08 million of series 2012 general obligation bonds, according to a pricing sheet.
The deal included $96.79 million of series 2012A G.O. school bonds and $75.29 million of series 2012B G.O. refunding bonds.
The bonds (Aaa/AAA) were sold competitively. Bank of America Merrill Lynch won the 2012A bonds, and J.P. Morgan Securities LLC won the series 2012B bonds.
The 2012A bonds are due 2013 to 2031 with 3% to 5% coupons. The 2012B bonds are due 2018 to 2021 with 5% coupons.
Proceeds will be used to refund the county's series 2004A G.O. bonds and series 2004B G.O. school bonds.
| Issuer: | Wake County, N.C.
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $172.08 million
|
| Type: | Competitive
|
| Underwriters: | Bank of America Merrill Lynch (for 2012A); J.P. Morgan Securities LLC (for 2012B)
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Jan. 24
|
| Settlement date: | Feb. 8
|
|
|
| $96.79 million series 2012A general obligation school bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.99 million | 2013 | Serial | 5% | 104.75
|
| $5.1 million | 2014 | Serial | 5% | 109.127
|
| $5.1 million | 2015 | Serial | 5% | 113.105
|
| $5.1 million | 2016 | Serial | 5% | 116.807
|
| $5.1 million | 2017 | Serial | 5% | 120.087
|
| $5.1 million | 2018 | Serial | 5% | 122.578
|
| $5.1 million | 2019 | Serial | 5% | 124.387
|
| $5.1 million | 2020 | Serial | 5% | 126.232
|
| $5.1 million | 2021 | Serial | 5% | 127.376
|
| $5.1 million | 2022 | Serial | 5% | 128.376
|
| $5.1 million | 2023 | Serial | 5% | 126.916
|
| $5.1 million | 2024 | Serial | 5% | 125.783
|
| $5.1 million | 2025 | Serial | 5% | 124.764
|
| $5.1 million | 2026 | Serial | 4% | 113.27
|
| $5.1 million | 2027 | Serial | 4% | 112.143
|
| $5.1 million | 2028 | Serial | 4% | 111.214
|
| $5.1 million | 2029 | Serial | 4% | 110.293
|
| $5.1 million | 2030 | Serial | 3% | 99.174
|
| $5.1 million | 2031 | Serial | 3% | 97.728
|
|
|
| $75.29 million series 2012B general obligation refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $16.59 million | 2018 | Serial | 5% | 122.903
|
| $25,595,000 | 2019 | Serial | 5% | 124.765
|
| $27,845,000 | 2020 | Serial | 5% | 126.317
|
| $5.26 million | 2021 | Serial | 5% | 127.472
|
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