Published on 8/5/2015 in the Prospect News Municipals Daily.
New Issue: Wyoming Community Development prices $114.33 million of housing bonds
By Sheri Kasprzak
New York, Aug. 5 – The Wyoming Community Development Authority sold $114,325,000 of series 2015 housing revenue bonds, according to a pricing sheet.
The deal included $47.57 million of series 2015-4 AMT bonds, $18,755,000 of series 2015-5 non-AMT bonds and $48 million of series 2015-6 non-AMT bonds.
The 2015-4 bonds are due 2016 to 2025 with a term bond due in 2030. The serial coupons range from 0.7% to 3.5% all priced at par. The 2030 bonds have a 4% coupon priced at 100.25.
The 2015-5 bonds are due 2022 to 2027 with term bonds due in 2030 and 2034. The serial coupons range from 2.45% to 3.3% all priced at par. The 2030 bonds have a 3.625% coupon priced at 99.128 and the 2034 bonds have a 3.9% coupon priced at par.
The 2015-6 bonds are due 2030, 2034 and 2045. The 2030 bonds have a 3.625% coupon priced at 99.128 and the 2034 bonds have a 3.9% coupon priced at par. The 2045 bonds have a 4% coupon priced at 144.675.
The bonds (/AA+/) were sold through BofA Merrill Lynch and RBC Capital Markets LLC.
Proceeds will be used to refund the authority’s series 2005-1, 2005-3, 2005-5, 2006-1, 2006-2, 2006-5, 2014-4 and 2014-5 revenue bonds.
| Issuer: | Wyoming Community Development Authority
|
| Issue: | Series 2015 housing revenue bonds
|
| Amount: | $114,325,000
|
| Type: | Negotiated
|
| Underwriters: | BofA Merrill Lynch and RBC Capital Markets LLC (lead)
|
| Rating: | Standard & Poor’s: AA+
|
| Pricing date: | Aug. 5
|
| Settlement date: | Sept. 2
|
|
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| $47.57 million series 2015-4 AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.2 million | 2016 | Serial | 0.70% | 100
|
| $1.27 million | 2016 | Serial | 0.80% | 100
|
| $1.3 million | 2017 | Serial | 1.15% | 100
|
| $1,325,000 | 2017 | Serial | 1.25% | 100
|
| $1.35 million | 2018 | Serial | 1.40% | 100
|
| $1.38 million | 2018 | Serial | 1.65% | 100
|
| $1,405,000 | 2019 | Serial | 1.875% | 100
|
| $1,435,000 | 2019 | Serial | 2.00% | 100
|
| $1,465,000 | 2020 | Serial | 2.25% | 100
|
| $1.5 million | 2020 | Serial | 2.35% | 100
|
| $1.53 million | 2021 | Serial | 2.55% | 100
|
| $1.56 million | 2021 | Serial | 2.65% | 100
|
| $1.6 million | 2022 | Serial | 2.90% | 100
|
| $1,635,000 | 2022 | Serial | 2.95% | 100
|
| $1.66 million | 2023 | Serial | 3.10% | 100
|
| $1,695,000 | 2023 | Serial | 3.15% | 100
|
| $1.73 million | 2024 | Serial | 3.30% | 100
|
| $1.77 million | 2024 | Serial | 3.35% | 100
|
| $1.81 million | 2025 | Serial | 3.45% | 100
|
| $1,845,000 | 2025 | Serial | 3.50% | 100
|
| $17,105,000 | 2030 | Term | 4.00% | 100.25
|
|
|
| $18,755,000 series 2015-5 non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $340,000 | 2022 | Serial | 2.45% | 100
|
| $360,000 | 2022 | Serial | 2.55% | 100
|
| $385,000 | 2023 | Serial | 2.65% | 100
|
| $405,000 | 2023 | Serial | 2.75% | 100
|
| $430,000 | 2024 | Serial | 2.875% | 100
|
| $455,000 | 2024 | Serial | 2.95% | 100
|
| $615,000 | 2025 | Serial | 3.00% | 100
|
| $640,000 | 2025 | Serial | 3.05% | 100
|
| $715,000 | 2026 | Serial | 3.25% | 100
|
| $755,000 | 2026 | Serial | 3.25% | 100
|
| $840,000 | 2027 | Serial | 3.30% | 100
|
| $790,000 | 2027 | Serial | 3.30% | 100
|
| $5,755,000 | 2030 | Term | 3.625% | 99.128
|
| $6.27 million | 2034 | Term | 3.90% | 100
|
|
|
| $48 million series 2015-6 non-AMT bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,715,000 | 2030 | Term | 3.625% | 99.128
|
| $19,285,000 | 2034 | Term | 3.9% | 100
|
| $25 million | 2045 | Term | 4% | 144.675
|
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