Published on 9/30/2014 in the Prospect News Municipals Daily.
New Issue: California Municipal Finance sells $110 million Anaheim Electric debt
By Sheri Kasprzak
New York, Sept. 30 – The California Municipal Finance Authority sold $110,175,000 of series 2014 revenue refunding bonds for the Anaheim Electric Utility Distribution System, according to a pricing sheet.
The bonds (/AA-/AA-) were sold through senior manager J.P. Morgan Securities LLC.
The bonds are due 2015 to 2025 with 2% to 5% coupons.
Proceeds will be used to refund the authority’s series 1993 and 2003A Anaheim Electric Utility bonds.
| Issuer: | California Municipal Finance Authority/Anaheim Electric Utility Distribution System
|
| Issue: | Series 2014 revenue refunding bonds
|
| Amount: | $110,175,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Barclays, Goldman Sachs & Co. and Morgan Stanley & Co. LLC (co-managers)
|
| Ratings: | Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.78 million | 2015 | Serial | 2% | 101.812
|
| $780,000 | 2015 | Serial | 2% | 100.898
|
| $7,055,000 | 2016 | Serial | 4% | 107.218
|
| $7.38 million | 2017 | Serial | 5% | 113.041
|
| $7.75 million | 2018 | Serial | 5% | 115.953
|
| $11.4 million | 2019 | Serial | 5% | 118.318
|
| $12.01 million | 2020 | Serial | 5% | 119.885
|
| $12,665,000 | 2021 | Serial | 5% | 121.121
|
| $13.34 million | 2022 | Serial | 5% | 121.862
|
| $10.25 million | 2023 | Serial | 5% | 122.339
|
| $10,775,000 | 2024 | Serial | 5% | 123.653
|
| $9.99 million | 2025 | Serial | 5% | 123.875
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
