By Sheri Kasprzak
New York, June 28 - The Gwinnett County Water and Sewerage Authority of Georgia sold $163.64 million of series 2011 revenue refunding bonds on Tuesday, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold through J.P. Morgan Securities LLC and Morgan Keegan & Co. Inc.
The bonds are due 2014 to 2025 with 2% to 5% coupons.
Proceeds will be used to refund the authority's series 2003B bonds.
| Issuer: | Gwinnett County Water and Sewerage Authority
|
| Issue: | Series 2011 revenue refunding bonds
|
| Amount: | $163.64 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Morgan Keegan & Co. Inc.
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | June 28
|
| Settlement date: | July 1
|
|
|
| Maturity | Type | Coupon
|
| 2014 | Serial | 2%
|
| 2014 | Serial | 4%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 2%
|
| 2015 | Serial | 4%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 2%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 3%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 3%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 3%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
| 2023 | Serial | 5%
|
| 2024 | Serial | 5%
|
| 2025 | Serial | 5%
|
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