Published on 4/6/2016 in the Prospect News Municipals Daily.
New Issue: Westchester County, N.Y., sells $109.98 million of G.O. refunding bonds
By Sheri Kasprzak
New York, April 6 – Westchester County, N.Y., sold $109.98 million of series 2016A general obligation refunding bonds, said a pricing sheet.
The bonds (Aa1/AAA/AAA) were sold through Citigroup Global Markets Inc.
The bonds are due 2016 to 2029 with 2% to 5% coupons and yields from 0.35% to 2.02%.
Proceeds will be used to refund the county’s series 2007A, 2009A-B, 2010B, 2011B and 2013B general obligation bonds.
Issuer: | Westchester County, N.Y.
|
Issue: | Series 2016A general obligation refunding bonds
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Amount: | $109.98 million
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Type: | Negotiated
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Underwriter: | Citigroup Global Markets Inc.
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Ratings: | Moody’s: Aa1
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| Standard & Poor’s: AAA
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| Fitch: AAA
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Pricing date: | April 1
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Settlement date: | April 19
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$295,000 | 2016 | Serial | 2% | 100.329 | 0.35%
|
$25,000 | 2017 | Serial | 2% | 101.032 | 0.52%
|
$3.3 million | 2018 | Serial | 5% | 107.376 | 0.63%
|
$2,945,000 | 2019 | Serial | 5% | 111.166 | 0.81%
|
$16,445,000 | 2020 | Serial | 5% | 114.689 | 0.95%
|
$17.33 million | 2021 | Serial | 5% | 117.965 | 1.07%
|
$30,815,000 | 2022 | Serial | 5% | 120.996 | 1.18%
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$21.1 million | 2023 | Serial | 5% | 123.665 | 1.30%
|
$12,915,000 | 2024 | Serial | 5% | 125.773 | 1.45%
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$1,325,000 | 2025 | Serial | 5% | 127.32 | 1.62%
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$1.3 million | 2026 | Serial | 5% | 129.082 | 1.73%
|
$1.31 million | 2027 | Serial | 5% | 127.85 | 1.85%
|
$425,000 | 2028 | Serial | 5% | 127.036 | 1.93%
|
$450,000 | 2029 | Serial | 5% | 126.128 | 2.02%
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