Published on 1/7/2015 in the Prospect News Municipals Daily.
New Issue: Wyoming Community Development prices $77.13 million of housing bonds
By Sheri Kasprzak
New York, Jan. 7 – The Wyoming Community Development Authority sold $77.13 million of series 2015 housing revenue bonds, according to a pricing sheet.
The deal included $12.8 million of series 2015-1 AMT bonds, $15 million of series 2015-2 non-AMT bonds and $49.33 million of series 2015-3 non-AMT bonds.
The 2015-1 bonds are due 2015 to 2023 with 0.4% to 2.95% coupons, all priced at par.
The 2015-2 bonds are due 2022 to 2025 with term bonds due in 2029 and 2034. The serial coupons range from 2.375% to 2.875%, all priced at par. The 2029 bonds have a 3.25% coupon priced at par, and the 2034 bonds have a 3.5% coupon priced at par.
The 2015-3 bonds are due 2023 to 2025 with term bonds due in 2029, 2034, 2039 and 2044. The serial coupons range from 2.65% to 2.875%, all priced at par. The 2029 bonds have a 3.25% coupon, the 2034 bonds have a 3.5% coupon and the 2039 bonds have a 3.7% coupon, all priced at par. The 2044 bonds have a 3% coupon priced at 104.562 to yield 2.449%.
The bonds were sold through senior manager BofA Merrill Lynch.
Proceeds will be used to refund the authority’s series 2004-10, 2014-4 and 2014-5 housing bonds.
| Issuer: | Wyoming Community Development Authority
|
| Issue: | Series 2015 housing revenue bonds
|
| Amount: | $77.13 million
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch (lead), RBC Capital Markets LLC and Kaiser & Co. (co-managers)
|
| Pricing date: | Jan. 7
|
| Settlement date: | Feb. 5
|
|
|
| $12.8 million series 2015-1 AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $245,000 | 2015 | Serial | 0.40% | 100
|
| $630,000 | 2015 | Serial | 0.45% | 100
|
| $660,000 | 2016 | Serial | 0.65% | 100
|
| $675,000 | 2016 | Serial | 0.75% | 100
|
| $690,000 | 2017 | Serial | 1.15% | 100
|
| $700,000 | 2017 | Serial | 1.30% | 100
|
| $710,000 | 2018 | Serial | 1.50% | 100
|
| $725,000 | 2018 | Serial | 1.60% | 100
|
| $740,000 | 2019 | Serial | 1.85% | 100
|
| $750,000 | 2019 | Serial | 2.00% | 100
|
| $765,000 | 2020 | Serial | 2.15% | 100
|
| $780,000 | 2020 | Serial | 2.30% | 100
|
| $795,000 | 2021 | Serial | 2.50% | 100
|
| $800,000 | 2021 | Serial | 2.60% | 100
|
| $815,000 | 2022 | Serial | 2.75% | 100
|
| $835,000 | 2022 | Serial | 2.80% | 100
|
| $845,000 | 2023 | Serial | 2.95% | 100
|
| $640,000 | 2023 | Serial | 2.95% | 100
|
|
|
| $15 million series 2015-2 non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $275,000 | 2022 | Serial | 2.375% | 100
|
| $290,000 | 2022 | Serial | 2.45% | 100
|
| $310,000 | 2023 | Serial | 2.55% | 100
|
| $325,000 | 2023 | Serial | 2.65% | 100
|
| $350,000 | 2024 | Serial | 2.80% | 100
|
| $365,000 | 2024 | Serial | 2.80% | 100
|
| $495,000 | 2025 | Serial | 2.875% | 100
|
| $520,000 | 2025 | Serial | 2.875% | 100
|
| $5.3 million | 2029 | Term | 3.25% | 100
|
| $6.77 million | 2034 | Term | 3.50% | 100
|
|
|
| $49.33 million series 2015-3 non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $225,000 | 2023 | Serial | 2.65% | 100 | 2.65%
|
| $880,000 | 2024 | Serial | 2.80% | 100 | 2.80%
|
| $895,000 | 2024 | Serial | 2.80% | 100 | 2.80%
|
| $910,000 | 2025 | Serial | 2.875% | 100 | 2.875%
|
| $925,000 | 2025 | Serial | 2.875% | 100 | 2.875%
|
| $8.09 million | 2029 | Term | 3.25% | 100 | 3.25%
|
| $11.87 million | 2034 | Term | 3.50% | 100 | 3.50%
|
| $10.87 million | 2039 | Term | 3.70% | 100 | 3.70%
|
| $14,665,000 | 2044 | Term | 3.00% | 104.562 | 2.449%
|
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