By Sheri Kasprzak
New York, Aug. 19 – Wake County, N.C., sold $345.24 million of series 2014 general obligation public improvement bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively. BofA Merrill Lynch won the bid at a 2.621% true interest cost.
The bonds are due 2016 to 2034 with 3% to 5% coupons and 0.32% to 3.24% yields.
Proceeds will be used to finance capital projects.
| Issuer: | Wake County, N.C.
|
| Issue: | Series 2014 general obligation public improvement bonds
|
| Amount: | $345.24 million
|
| Type: | Competitive
|
| Underwriter: | BofA Merrill Lynch (winner)
|
| TIC: | 2.621%
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Aug. 19
|
| Settlement date: | Sept. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $18.18 million | 2016 | Serial | 5% | 109.296 | 0.32%
|
| $18.17 million | 2017 | Serial | 5% | 113.134 | 0.57%
|
| $18.17 million | 2018 | Serial | 5% | 116.436 | 0.81%
|
| $18.17 million | 2019 | Serial | 5% | 118.795 | 1.12%
|
| $18.17 million | 2020 | Serial | 5% | 120.693 | 1.39%
|
| $18.17 million | 2021 | Serial | 5% | 122.265 | 1.62%
|
| $18.17 million | 2022 | Serial | 5% | 123.392 | 1.84%
|
| $18.17 million | 2023 | Serial | 5% | 124.583 | 2.00%
|
| $18.17 million | 2024 | Serial | 5% | 126.021 | 2.10%
|
| $18.17 million | 2025 | Serial | 3% | 107.142 | 2.20%
|
| $18.17 million | 2026 | Serial | 3.25% | 105.778 | 2.59%
|
| $18.17 million | 2027 | Serial | 3.25% | 104.432 | 2.74%
|
| $18.17 million | 2028 | Serial | 3.5% | 106.155 | 2.79%
|
| $18.17 million | 2029 | Serial | 3.5% | 105.173 | 2.90%
|
| $18.17 million | 2030 | Serial | 3.5% | 104.289 | 3.00%
|
| $18.17 million | 2031 | Serial | 3.5% | 103.589 | 3.08%
|
| $18.17 million | 2032 | Serial | 3.5% | 103.067 | 3.14%
|
| $18.17 million | 2033 | Serial | 3.5% | 102.634 | 3.19%
|
| $18.17 million | 2034 | Serial | 3.5% | 102.204 | 3.24%
|
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