By Sheri Kasprzak
New York, Nov. 6 - The Washington Suburban Sanitary District of Maryland priced $250 million of series 2012 consolidated public improvement bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively with Bank of America Merrill Lynch winning the bid, said Jim Neustadt, spokesman for the district. The true interest cost came in at 2.266981%.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to finance the construction or reconstruction of water supply facilities, water supply lines and transmission mains, sewage disposal facilities, sewer collection mains and trunk sewers and commission-built water and sewer pipes in subdivisions.
| Issuer: | Washington Suburban Sanitary District
|
| Issue: | Series 2012 consolidated public improvement bonds
|
| Amount: | $250 million
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| TIC: | 2.266981%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 5
|
| Settlement date: | Nov. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $12.5 million | 2013 | Serial | 2% | 100.98
|
| $12.5 million | 2014 | Serial | 4% | 105.728
|
| $12.5 million | 2015 | Serial | 5% | 111.633
|
| $12.5 million | 2016 | Serial | 5% | 115.827
|
| $12.5 million | 2017 | Serial | 5% | 119.497
|
| $12.5 million | 2018 | Serial | 5% | 122.854
|
| $12.5 million | 2019 | Serial | 5% | 125.062
|
| $12.5 million | 2020 | Serial | 5% | 126.917
|
| $12.5 million | 2021 | Serial | 5% | 128.061
|
| $12.5 million | 2022 | Serial | 3% | 111.501
|
| $12.5 million | 2023 | Serial | 3% | 109.285
|
| $12.5 million | 2024 | Serial | 3% | 107.746
|
| $12.5 million | 2025 | Serial | 3% | 106.408
|
| $12.5 million | 2026 | Serial | 3% | 105.09
|
| $12.5 million | 2027 | Serial | 3% | 102.169
|
| $12.5 million | 2028 | Serial | 3% | 101.664
|
| $12.5 million | 2029 | Serial | 3% | 101.161
|
| $12.5 million | 2030 | Serial | 3% | 100.661
|
| $12.5 million | 2031 | Serial | 3% | 100.164
|
| $12.5 million | 2032 | Serial | 3% | 99.412
|
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