By Sheri Kasprzak
New York, Sept. 1 - The city of Waterbury in Connecticut sold $313.145 million in series 2009 taxable general obligation pension bonds Tuesday, according to a pricing sheet.
The bonds were sold through lead manager William Blair & Co.
The bonds are due 2010 to 2016 with a term bond due 2038. The serial coupons range from 2.707% to 4.88%, all priced at par. The 2038 bonds have a 7.089% coupon, also priced at par.
Proceeds will be used to make a deposit to the city's pension plan.
| Issuer: | Waterbury, Conn.
|
| Issue: | Series 2009 taxable general obligation pension bonds
|
| Amount: | $313.145 million
|
| Type: | Negotiated
|
| Underwriter: | William Blair & Co. (lead)
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 17
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2.707% | Par
|
| 2011 | Serial | 2.957% | Par
|
| 2012 | Serial | 3.497% | Par
|
| 2013 | Serial | 3.847% | Par
|
| 2014 | Serial | 4.167% | Par
|
| 2015 | Serial | 4.517% | Par
|
| 2016 | Serial | 4.880% | Par
|
| 2038 | Term | 7.089% | Par
|
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