Published on 6/8/2012 in the Prospect News Municipals Daily.
New Issue: Palm Beach County, Fla., sells $147 million public improvement bonds
By Sheri Kasprzak
New York, June 8 - Palm Beach County, Fla., priced $147 million of series 2012 public improvement revenue refunding bonds, said a pricing sheet.
The bonds (//AA+) were sold through Goldman, Sachs & Co. and Loop Capital Markets LLC.
The bonds are due 2015 to 2025 with 4% to 5% coupons.
Proceeds will be used to refund the county's series 2004, 2004A and 2005A public improvement revenue bonds.
| Issuer: | Palm Beach County, Fla.
|
| Issue: | Series 2012 public improvement revenue refunding bonds
|
| Amount: | $147 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and Loop Capital Markets LLC (lead)
|
| Ratings: | Fitch: AA+
|
| Pricing date: | June 7
|
| Settlement date: | June 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,265,000 | 2015 | Serial | 5% | 112.365
|
| $12.53 million | 2016 | Serial | 5% | 115.776
|
| $9.58 million | 2017 | Serial | 4% | 113.556
|
| $3,575,000 | 2017 | Serial | 5% | 118.329
|
| $13.71 million | 2018 | Serial | 5% | 120.147
|
| $14,395,000 | 2019 | Serial | 5% | 121.035
|
| $2.53 million | 2020 | Serial | 4% | 114.352
|
| $12.58 million | 2020 | Serial | 5% | 121.638
|
| $3,715,000 | 2021 | Serial | 4% | 114.077
|
| $12,135,000 | 2021 | Serial | 5% | 122.122
|
| $1.2 million | 2022 | Serial | 3% | 105.269
|
| $15.39 million | 2022 | Serial | 5% | 122.838
|
| $17,395,000 | 2023 | Serial | 5% | 121.361
|
| $11.71 million | 2024 | Serial | 5% | 119.905
|
| $12.29 million | 2025 | Serial | 5% | 118.755
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
