By Sheri Kasprzak
New York, June 3 - The Wyoming Community Development Authority sold $34.71 million of series 2010 housing revenue bonds, said a pricing sheet. The offering was downsized from $58.975 million.
The sale included $31.61 million of series 2010-1 AMT bonds and $3.1 million of series 2010-2 non-AMT bonds.
Bank of America Merrill Lynch was the senior manager. The co-managers were Kaiser & Co., Citigroup Global Markets Inc. and George K. Baum & Co.
The 2010-1 bonds are due 2010 to 2018 with coupons from 0.68% to 4.25%, priced at par. The 2010-2 bonds are due 2019 to 2021 with term bonds due 2025 and 2030. Coupons range from 3.375% to 3.625%, all priced at par. The 2025 bonds have a 4% coupon, priced at par, and the 2030 bonds have a 4.375% coupon, also priced at par.
Proceeds will be used to refund the authority's series 1997-5, 1998-2, 1999-1 and 2000-4 bonds.
The authority is based in Casper and provides financing for housing and other public facilities.
| Issuer: | Wyoming Community Development Authority
|
| Issue: | Series 2010 housing revenue bonds
|
| Amount: | $34.71 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch (lead); Kaiser & Co., Citigroup Global Markets Inc. and George K. Baum & Co. (co-managers)
|
| Pricing date: | June 3
|
| Settlement date: | June 30
|
|
|
| Series 2010-1
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 0.68% | 100
|
| 2011 | Serial | 1.5% | 100
|
| 2011 | Serial | 1.75% | 100
|
| 2012 | Serial | 2.125% | 100
|
| 2012 | Serial | 2.25% | 100
|
| 2013 | Serial | 2.75% | 100
|
| 2013 | Serial | 2.875% | 100
|
| 2014 | Serial | 3.125% | 100
|
| 2014 | Serial | 3.25% | 100
|
| 2015 | Serial | 3.5% | 100
|
| 2015 | Serial | 3.625% | 100
|
| 2016 | Serial | 3.875% | 100
|
| 2016 | Serial | 3875% | 100
|
| 2017 | Serial | 4% | 100
|
| 2017 | Serial | 4% | 100
|
| 2018 | Serial | 4.25% | 100
|
| 2018 | Serial | 4.25% | 100
|
|
|
| Series 2010-2
|
| Maturity | Type | Coupon | Price
|
| 2019 | Serial | 3.375% | 100
|
| 2019 | Serial | 3.375% | 100
|
| 2020 | Serial | 3.5% | 100
|
| 2020 | Serial | 3.5% | 100
|
| 2021 | Serial | 3.625% | 100
|
| 2021 | Serial | 3.625% | 100
|
| 2025 | Term | 4% | 100
|
| 2030 | Term | 4.375% | 100
|
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