Published on 11/18/2014 in the Prospect News Municipals Daily.
New Issue: Washington Suburban Sanitary, Md., closes $250 million bond offering
By Sheri Kasprzak
New York, Nov. 18 – The Washington Suburban Sanitary District of Maryland sold $250 million of series 2014 second series consolidated public improvement bonds, said a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively with J.P. Morgan Securities LLC winning the bid at a 3.486094% true interest cost.
The bonds are due 2015 to 2044 with 2% to 5% coupons and yields from 0.12% to 3.59%.
Proceeds will be used to fund the construction or reconstruction of water supply facilities, water supply lines and transmission mains, sewage disposal facilities, sewer collection mains, and water and sewer pipes in subdivisions.
| Issuer: | Washington Suburban Sanitary District
|
| Issue: | Series 2014 second series consolidated public improvement bonds
|
| Amount: | $250 million
|
| Type: | Competitive
|
| Underwriter: | J.P. Morgan Securities LLC (winner)
|
| TIC: | 3.486094%
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 18
|
| Settlement date: | Dec. 2
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $9,205,000 | 2015 | Serial | 2% | 100.934 | 0.12%
|
| $4,545,000 | 2016 | Serial | 4% | 105.476 | 0.33%
|
| $4.73 million | 2017 | Serial | 5% | 111.021 | 0.55%
|
| $4,915,000 | 2018 | Serial | 5% | 114.381 | 0.82%
|
| $5,115,000 | 2019 | Serial | 5% | 117.066 | 1.1%
|
| $5.32 million | 2020 | Serial | 5% | 118.983 | 1.4%
|
| $5.53 million | 2021 | Serial | 5% | 120.081 | 1.72%
|
| $5.75 million | 2022 | Serial | 5% | 121.1 | 1.96%
|
| $5.98 million | 2023 | Serial | 5% | 122.286 | 2.12%
|
| $6.22 million | 2024 | Serial | 4% | 113.425 | 2.41%
|
| $6.47 million | 2025 | Serial | 4% | 112.431 | 2.52%
|
| $6.73 million | 2026 | Serial | 4% | 111.536 | 2.62%
|
| $7 million | 2027 | Serial | 4% | 110.561 | 2.73%
|
| $7.28 million | 2028 | Serial | 4% | 109.422 | 2.86%
|
| $7.57 million | 2029 | Serial | 4% | 108.555 | 2.96%
|
| $7.87 million | 2030 | Serial | 4% | 107.696 | 3.06%
|
| $8,185,000 | 2031 | Serial | 4% | 106.845 | 3.16%
|
| $8,515,000 | 2032 | Serial | 4% | 106.422 | 3.21%
|
| $8,855,000 | 2033 | Serial | 4% | 106.002 | 3.26%
|
| $9.21 million | 2034 | Serial | 4% | 105.583 | 3.31%
|
| $9.58 million | 2035 | Serial | 4% | 105.167 | 3.36%
|
| $9.96 million | 2036 | Serial | 4% | 104.835 | 3.4%
|
| $10.36 million | 2037 | Serial | 4% | 104.586 | 3.43%
|
| $10,775,000 | 2038 | Serial | 4% | 104.339 | 3.46%
|
| $11,205,000 | 2039 | Serial | 4% | 104.092 | 3.49%
|
| $11,655,000 | 2040 | Serial | 4% | 103.846 | 3.52%
|
| $12.12 million | 2041 | Serial | 4% | 103.6 | 3.55%
|
| $12,605,000 | 2042 | Serial | 4% | 103.437 | 3.57%
|
| $13.11 million | 2043 | Serial | 4% | 103.356 | 3.58%
|
| $13,635,000 | 2044 | Serial | 4% | 103.274 | 3.59%
|
© 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.
