By Sheri Kasprzak
New York, June 22 - The Contra Costa Water District of California sold $106.525 million of series 2011 water revenue notes and water revenue refunding bonds, said a pricing sheet.
The offering included $59.82 million of series 2011B water revenue notes and $46.705 million of series 2011P revenue refunding bonds.
The bonds (AA+/AA) were sold through Wedbush Securities Inc. and Stone & Youngberg.
The 2011B notes are due 2014 to 2016 with 2% to 5% coupons. The 2011P bonds are due 2012 to 2025 with 2% to 5% coupons.
Proceeds will be used to fund a portion of the costs of the district's Middle River Intake Project, Los Vaqueros Reservoir Expansion Project, the Shortcut Pipeline Project and other improvement projects, as well as refund existing debt.
| Issuer: | Contra Costa Water District
|
| Issue: | Series 2011 water revenue notes and refunding revenue bonds
|
| Amount: | $106.525 million
|
| Type: | Negotiated
|
| Underwriters: | Wedbush Securities Inc. and Stone & Youngberg
|
| Ratings: | Standard & Poor's: AA+
|
| Fitch: AA
|
| Pricing date: | June 22
|
| Settlement date: | July 6
|
|
|
| $59.82 million series 2011B water revenue notes
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.95 million | 2014 | Serial | 2% | 103.143
|
| $15.565 million | 2014 | Serial | 4% | 109.494
|
| $485,000 | 2014 | Serial | 5% | 112.67
|
| $1.58 million | 2015 | Serial | 3% | 106.983
|
| $18.44 million | 2015 | Serial | 5% | 115.199
|
| $5 million | 2016 | Serial | 4% | 112.167
|
| $14.8 million | 2016 | Serial | 5% | 117.174
|
|
|
| $46.705 million series 2011P revenue refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.325 million | 2012 | Serial | 2% | 102.033
|
| $1.02 million | 2013 | Serial | 2% | 103.331
|
| $9.79 million | 2013 | Serial | 4% | 107.772
|
| $2.65 million | 2014 | Serial | 2% | 103.63
|
| $2.94 million | 2014 | Serial | 4% | 109.999
|
| $5.65 million | 2014 | Serial | 5% | 113.183
|
| $1.28 million | 2015 | Serial | 5% | 115.916
|
| $1.35 million | 2016 | Serial | 5% | 118.112
|
| $1.415 million | 2017 | Serial | 5% | 119.053
|
| $1.49 million | 2018 | Serial | 5% | 119.001
|
| $1.565 million | 2019 | Serial | 5% | 118.828
|
| $1.65 million | 2020 | Serial | 5% | 118.686
|
| $1.73 million | 2021 | Serial | 5% | 118.479
|
| $1.82 million | 2022 | Serial | 5% | 116.455
|
| $1.91 million | 2023 | Serial | 5% | 114.473
|
| $2.01 million | 2024 | Serial | 5% | 113.082
|
| $1.11 million | 2025 | Serial | 4.25% | 106.955
|
| $1 million | 2025 | Serial | 5% | 111.711
|
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