New Issue: Montgomery County, Md., prices $300 million public improvement bonds

By Sheri Kasprzak

New York, Nov. 20 – Montgomery County, Md., sold $300 million of series 2015B consolidated public improvement bonds, according to a pricing sheet.

The bonds (Aaa/AAA/AAA) were sold competitively.

The bonds are due 2016 to 2035 with 3% to 5% coupons and 0.3% to 3.38% yields.

Proceeds will be used to finance capital projects and refinance bond anticipation notes.

Issuer:	Montgomery County, Md.
Issue:	Series 2015B consolidated public improvement bonds
Amount:	$300 million
Type:	Competitive
Ratings:	Moody’s: Aaa
	Standard & Poor’s: AAA
	Fitch: AAA
Pricing date:	Nov. 18
Settlement date:	Dec. 1
Amount	Maturity	Type	Coupon	Price	Yield
$15 million	2016	Serial	5%	104.689	0.30%
$15 million	2017	Serial	5%	108.462	0.73%
$15 million	2018	Serial	5%	112.013	0.93%
$15 million	2019	Serial	5%	115.22	1.10%
$15 million	2020	Serial	5%	117.802	1.31%
$15 million	2021	Serial	5%	119.82	1.53%
$15 million	2022	Serial	5%	121.618	1.71%
$15 million	2023	Serial	5%	122.906	1.90%
$15 million	2024	Serial	5%	121.829	2.03%
$15 million	2025	Serial	4%	113.609	2.14%
$15 million	2026	Serial	3%	103.311	2.54%
$15 million	2027	Serial	3%	102	2.72%
$15 million	2028	Serial	3%	100.78	2.89%
$15 million	2029	Serial	3%	100	3.00%
$15 million	2030	Serial	4%	107.433	2.95%
$15 million	2031	Serial	3%	98.126	3.15%
$15 million	2032	Serial	4%	105.824	3.17%
$15 million	2033	Serial	3.25%	98.656	3.35%
$15 million	2034	Serial	4%	105.824	3.17%
$15 million	2035	Serial	3.25%	98.121	3.38%

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