Published on 12/4/2012 in the Prospect News Municipals Daily.
New Issue: Multnomah County, Ore., brings $128 million of full faith and credit obligations
By Sheri Kasprzak
New York, Dec. 4 - Multnomah County, Ore., priced $128 million of series 2012 full faith and credit obligations, according to a term sheet.
The bonds (Aa1/AA/) were sold competitively. The issuer did not immediately respond to requests for the winning bidder.
The bonds are due 2014 to 2033 with 3% to 5% coupons.
Proceeds will be used to finance and refinance the construction of the Sellwood Bridge.
| Issuer: | Multnomah County, Ore.
|
| Issue: | Series 2012 full faith and credit obligations
|
| Amount: | $128 million
|
| Type: | Competitive
|
| Rating: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,045,000 | 2014 | Serial | 3% | 103.978
|
| $4,165,000 | 2015 | Serial | 4% | 108.698
|
| $4.33 million | 2016 | Serial | 5% | 115.184
|
| $4.55 million | 2017 | Serial | 5% | 118.876
|
| $4,775,000 | 2018 | Serial | 5% | 122.301
|
| $5,015,000 | 2019 | Serial | 5% | 125.414
|
| $5,265,000 | 2020 | Serial | 5% | 127.717
|
| $5.53 million | 2021 | Serial | 5% | 129.294
|
| $5,805,000 | 2022 | Serial | 5% | 130.062
|
| $6,095,000 | 2023 | Serial | 5% | 128.843
|
| $6.4 million | 2024 | Serial | 5% | 128.038
|
| $6.72 million | 2025 | Serial | 5% | 127.438
|
| $7,055,000 | 2026 | Serial | 5% | 126.742
|
| $7.41 million | 2027 | Serial | 4% | 115.214
|
| $7,705,000 | 2028 | Serial | 4% | 114.662
|
| $8,015,000 | 2029 | Serial | 4% | 114.113
|
| $8,335,000 | 2030 | Serial | 4% | 113.567
|
| $8,665,000 | 2031 | Serial | 3% | 100.821
|
| $8,925,000 | 2032 | Serial | 3% | 100.409
|
| $9,195,000 | 2033 | Serial | 3% | 100
|
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