By Sheri Kasprzak
New York, Sept. 14 - The Washington Suburban Sanitary District of Maryland sold $240 million in series 2010 consolidated public improvement bonds, said a pricing sheet.
The bonds were sold competitively, but calls to the issuer for the winning bidder were not immediately returned.
The sale included $120 million in series 2010A tax-exempt bonds and $120 million in series 2010B Build America Bonds.
The 2010A bonds are due 2011 to 2020 with 2% to 5% coupons. Only the 2016 bonds were reoffered, and they were priced at 119.381.
The 2010B bonds are due 2021 to 2030 with coupons from 3.55% to 4.85%, all priced at par.
Proceeds will be used to fund the construction of water supply facilities, water supply lines and sewer pipes as well as to replace short-term bond anticipation notes.
The district is based in Laurel, Md.
| Issuer: | Washington Suburban Sanitation District
|
| Issue: | Series 2010 consolidated public improvement bonds
|
| Amount: | $240 million
|
| Type: | Competitive
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 29
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | NRO
|
| 2012 | Serial | 4% | NRO
|
| 2013 | Serial | 5% | NRO
|
| 2014 | Serial | 5% | NRO
|
| 2015 | Serial | 5% | NRO
|
| 2016 | Serial | 5% | 119.381
|
| 2017 | Serial | 4% | NRO
|
| 2018 | Serial | 4% | NRO
|
| 2019 | Serial | 4% | NRO
|
| 2020 | Serial | 4% | NRO
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2021 | Serial | 3.55% | 100
|
| 2022 | Serial | 3.70% | 100
|
| 2023 | Serial | 3.85% | 100
|
| 2024 | Serial | 4% | 100
|
| 2025 | Serial | 4.20% | 100
|
| 2026 | Serial | 4.40% | 100
|
| 2027 | Serial | 4.55% | 100
|
| 2028 | Serial | 4.70% | 100
|
| 2029 | Serial | 4.80% | 100
|
| 2030 | Serial | 4.85% | 100
|
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