Published on 10/20/2009 in the Prospect News Municipals Daily.
New Issue: Charlotte, N.C., brings $122.32 million in G.O. refunding bonds
By Sheri Kasprzak
New York, Oct. 20 - The city of Charlotte, N.C., sold $122.315 million in series 2009B general obligation refunding bonds on Tuesday, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through senior manager Wachovia Bank, NA.
The bonds, which have coupons ranging from 3% to 5%, are due 2010 to 2029.
Proceeds will be used to refund existing debt.
| Issuer: | Charlotte, N.C.
|
| Issue: | Series 2009B general obligation refunding bonds
|
| Amount: | $122.315 million
|
| Type: | Negotiated
|
| Underwriter: | Wachovia Bank, NA
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 29
|
|
|
| Maturity | Type | Coupon Price
|
| 2010 | Serial | 3% | 101.533
|
| 2011 | Serial | 3% | 103.595
|
| 2012 | Serial | 3% | 104.862
|
| 2013 | Serial | 5% | 112.071
|
| 2014 | Serial | 5% | 113.324
|
| 2015 | Serial | 5% | 113.689
|
| 2016 | Serial | 5% | 114.314
|
| 2017 | Serial | 4% | 107.867
|
| 2017 | Serial | 5% | 114.650
|
| 2018 | Serial | 5% | 114.960
|
| 2019 | Serial | 3.5% | 103.042
|
| 2019 | Serial | 5% | 115.384
|
| 2020 | Serial | 5% | 114.404
|
| 2021 | Serial | 5% | 113.521
|
| 2022 | Serial | 5% | 112.908
|
| 2023 | Serial | 4% | 101.995
|
| 2024 | Serial | 4% | 101.190
|
| 2025 | Serial | 5% | 111.264
|
| 2026 | Serial | 5% | 110.836
|
| 2027 | Serial | 4% | 100.000
|
| 2028 | Serial | 4% | 99.348
|
| 2029 | Serial | 5% | 109.733
|
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