Published on 6/21/2016 in the Prospect News Municipals Daily.
New Issue: Wayne County, Mich., prices $173.2 million of G.O. tax revenue notes
By Sheri Kasprzak
New York, June 21 – Wayne County, Mich., sold $173.2 million of series 2016 general obligation taxable tax revenue notes, according to a pricing sheet.
The notes (/SP-1/) were sold through BofA Merrill Lynch.
The notes are due Dec. 1, 2018, and have a 4.25% coupon priced at par.
Proceeds will be used to fund in whole or part a delinquent revolving tax fund.
| Issuer: | Wayne County, Mich.
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| Issue: | Series 2016 general obligation taxable tax revenue notes
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| Amount: | $173.2 million
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| Maturity: | Dec. 1, 2018
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| Coupon: | 4.25%
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| Price: | 100
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| Type: | Negotiated
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| Underwriter: | BofA Merrill Lynch
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| Rating: | S&P: SP-1
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| Pricing date: | June 21
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| Settlement date: | June 24
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