Published on 3/13/2013 in the Prospect News Municipals Daily.
New Issue: Wyoming Community Development prices $87.32 million revenue bonds
By Sheri Kasprzak
New York, March 13 - The Wyoming Community Development Authority sold $87,315,000 of series 2013 housing revenue bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through BofA Merrill Lynch.
The sale included $25.13 million of series 2013A-1 AMT bonds and $62,185,000 of series 2013-2 non-AMT bonds.
The 2013A-1 bonds are due 2013 to 2023 with 0.50% to 3.40% coupons, all priced at par. The 2013A-2 bond are due 2013 to 2017 with term bonds due in 2023, 2027, 2032, 2033, 2035 and 2038. The serial coupons range from 0.375% to 1.10%, all priced at par.
The 2023 bonds have a 2.9% coupon, the 2027 bonds have a 3.45% coupon and the 2032 bonds have a 3.75% coupon, all priced at par. The 2033 bonds have a 3.8% coupon, the 2035 bonds have a 3.9% coupon and the 2038 bonds have a 4.05% coupon, all priced at par.
Proceeds will be used to refund the authority's series 1996, 2002 and 2003 housing revenue bonds.
| Issuer: | Wyoming Community Development Authority
|
| Issue: | Series 2013 housing revenue bonds
|
| Amount: | $87,315,000
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch (lead), Citigroup Global Markets Inc., George K. Baum & Co. and Kaiser & Co. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | March 13
|
| Settlement date: | April 11
|
|
|
| $25.13 million series 2013-1 AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $725,000 | 2013 | Serial | 0.50% | 100
|
| $1.14 million | 2014 | Serial | 0.65% | 100
|
| $525,000 | 2014 | Serial | 0.70% | 100
|
| $525,000 | 2015 | Serial | 0.95% | 100
|
| $605,000 | 2015 | Serial | 1.00% | 100
|
| $1.16 million | 2016 | Serial | 1.35% | 100
|
| $1,245,000 | 2016 | Serial | 1.50% | 100
|
| $500,000 | 2017 | Serial | 1.70% | 100
|
| $1.05 million | 2017 | Serial | 1.875% | 100
|
| $1,475,000 | 2018 | Serial | 1.95% | 100
|
| $1.5 million | 2018 | Serial | 2.05% | 100
|
| $1.52 million | 2019 | Serial | 2.30% | 100
|
| $1.55 million | 2019 | Serial | 2.40% | 100
|
| $1,565,000 | 2020 | Serial | 2.60% | 100
|
| $1,595,000 | 2020 | Serial | 2.70% | 100
|
| $1.62 million | 2021 | Serial | 2.90% | 100
|
| $1,545,000 | 2021 | Serial | 2.90% | 100
|
| $1.67 million | 2022 | Serial | 3.15% | 100
|
| $1.7 million | 2022 | Serial | 3.15% | 100
|
| $1,915,000 | 2023 | Serial | 3.40% | 100
|
|
|
| $62,185,000 series 2013-2 non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $700,000 | 2013 | Serial | 0.375% | 100
|
| $1,255,000 | 2014 | Serial | 0.40% | 100
|
| $1.68 million | 2015 | Serial | 0.60% | 100
|
| $65,000 | 2016 | Serial | 1.00% | 100
|
| $2,825,000 | 2017 | Serial | 1.10% | 100
|
| $2.05 million | 2023 | Term | 2.90% | 100
|
| $13.09 million | 2027 | Term | 3.45% | 100
|
| $20.07 million | 2032 | Term | 3.75% | 100
|
| $4.45 million | 2033 | Term | 3.80% | 100
|
| $6,105,000 | 2035 | Term | 3.90% | 100
|
| $9,895,000 | 2038 | Term | 4.05% | 100
|
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