Published on 7/5/2016 in the Prospect News Municipals Daily.
New Issue: Washington County, Tenn., sells $120.51 million G.O. refunding bonds
By Sheri Kasprzak
New York, July 5 – Washington County, Tenn., priced $120.51 million of series 2016 general obligation refunding bonds, according to a pricing sheet.
The deal included $115.97 million of series 2016A bonds and $4.54 million of series 2016B taxable refunding bonds.
The 2016A bonds are due 2017 to 2037 with 2.875% to 4% coupons and yields from 0.8% to 2.86%. The 2016B bonds are due 2017 to 2021 with 2% coupons and yields from 0.7% to 1.4%.
The bonds were sold competitively, but the winning bidder was not immediately available.
Proceeds will be used to prepay a portion of the county’s outstanding loan agreement with the Public Building Authority of Blount County, Tenn.
| Issuer: | Washington County, Tenn.
|
| Issue: | Series 2016 general obligation refunding bonds
|
| Amount: | $120.51 million
|
| Type: | Competitive
|
| Pricing date: | June 27
|
| Settlement date: | July 13
|
|
|
| $115.97 million series 2016A bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $105,000 | 2017 | Serial | 4% | 102.81 | 0.80%
|
| $30,000 | 2018 | Serial | 4% | 105.775 | 0.90%
|
| $30,000 | 2019 | Serial | 4% | 108.803 | 0.90%
|
| $2.91 million | 2020 | Serial | 4% | 111.966 | 0.86%
|
| $3.03 million | 2021 | Serial | 4% | 114.262 | 1.00%
|
| $5,055,000 | 2022 | Serial | 4% | 116.29 | 1.13%
|
| $5.26 million | 2023 | Serial | 4% | 117.937 | 1.27%
|
| $5.47 million | 2024 | Serial | 4% | 119.176 | 1.42%
|
| $5.69 million | 2025 | Serial | 4% | 120.626 | 1.51%
|
| $5,915,000 | 2026 | Serial | 4% | 121.755 | 1.61%
|
| $6,155,000 | 2027 | Serial | 4% | 119.635 | 1.82%
|
| $6,405,000 | 2028 | Serial | 4% | 119.137 | 1.87%
|
| $6.66 million | 2029 | Serial | 4% | 118.542 | 1.93%
|
| $6.93 million | 2030 | Serial | 4% | 117.951 | 1.99%
|
| $7.2 million | 2031 | Serial | 4% | 117.461 | 2.04%
|
| $7.49 million | 2032 | Serial | 4% | 116.973 | 2.09%
|
| $7.79 million | 2033 | Serial | 3% | 103.996 | 2.54%
|
| $8.02 million | 2034 | Serial | 3% | 103.553 | 2.59%
|
| $8.26 million | 2035 | Serial | 2.875% | 100.814 | 2.78%
|
| $8.65 million | 2036 | Serial | 3% | 101.541 | 2.82%
|
| $8,915,000 | 2037 | Serial | 3.125% | 102.265 | 2.86%
|
|
|
| $4.54 million series 2016B taxable refunding bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $125,000 | 2017 | Serial | 2% | 101.142 | 0.70%
|
| $345,000 | 2018 | Serial | 2% | 102.143 | 0.85%
|
| $350,000 | 2019 | Serial | 2% | 102.834 | 1.00%
|
| $1.84 million | 2020 | Serial | 2% | 103.025 | 1.20%
|
| $1.88 million | 2021 | Serial | 2% | 102.821 | 1.40%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
