By Sheri Kasprzak
New York, Sept. 22 - The Washington Suburban Sanitary District of Maryland sold $180 million in series 2009 consolidated public improvement bonds Tuesday, according to a pricing sheet.
The bonds were sold on a competitive basis with Wachovia Bank NA winning the bid. The true interest costs came in at 2.04% and 4.86%.
The sale included $90 million in series 2009A bonds and $90 million in series 2009B Build America Bonds.
The 2009A bonds are due 2010 to 2019 with coupons from 3% to 5%. The 2009A true interest cost came in at 2.04%.The 2009B bonds are due 2020 to 2029 with coupons from 4.35% to 5%. The 2009B BABs have a TIC of 4.86%.
Proceeds will be used to construct and reconstruct water supply facilities within the district, as well as to replace short-term debt.
The district is based n Laurel, Md.
Issuer: | Washington Suburban Sanitary District
|
Issue: | Series 2009 consolidated public improvement bonds
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Amount: | $180 million
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Type: | Competitive
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Underwriter: | Wachovia Bank NA
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TIC: | 2.04% (2009A); 4.86% (2009B)
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Pricing date: | Sept. 22
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Settlement date: | Oct. 8
|
|
Series 2009A
|
Maturity | Type | Coupon | Price
|
2010 | Serial | 3% | 101.731
|
2011 | Serial | 4% | 105.598
|
2012 | Serial | 4% | 108.036
|
2013 | Serial | 4% | 109.924
|
2014 | Serial | 4% | 111.085
|
2015 | Serial | 4% | 111.932
|
2016 | Serial | 4% | 112.256
|
2017 | Serial | 5% | 118.986
|
2018 | Serial | 4% | 112.010
|
2019 | Serial | 4% | 111.875
|
|
Series 2009B
|
Maturity | Type | Coupon | Price
|
2020 | Serial | 4.35% | 100.000
|
2021 | Serial | 4.4% | 100.000
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2022 | Serial | 4.5% | 100.000
|
2023 | Serial | 4.65% | 100.000
|
2024 | Serial | 4.7% | 99.785
|
2025 | Serial | 4.8% | 99.776
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2026 | Serial | 4.9% | 99.768
|
2027 | Serial | 5% | 100.000
|
2028 | Serial | 5% | 99.394
|
2029 | Serial | 5% | 98.762
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