Published on 2/11/2015 in the Prospect News Municipals Daily.
New Issue: Palm Beach County, Fla., brings $63.85 million revenue refunding bonds
By Sheri Kasprzak
New York, Feb. 11 – Palm Beach County, Fla., sold $63,845,000 of series 2015 revenue refunding bonds, according to a pricing sheet.
The bonds (Aa1/AA+/AA+) were sold competitively.
The bonds are due 2015 to 2028 with 3% to 5% coupons and 0.27% to 3% yields.
Proceeds will be used to refund county’s series 2008A and 2008-2 public improvement refunding bonds.
| Issuer: | Palm Beach County, Fla.
|
| Issue: | Series 2015 revenue refunding bonds
|
| Amount: | $63,845,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Fitch: AA+
|
| Pricing date: | Feb. 11
|
| Settlement date: | March 11
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.33 million | 2015 | Serial | 5% | 103.016 | 0.27%
|
| $2.32 million | 2016 | Serial | 5% | 107.454 | 0.43%
|
| $950,000 | 2017 | Serial | 5% | 111.25 | 0.69%
|
| $1,005,000 | 2018 | Serial | 5% | 114.528 | 0.93%
|
| $5.45 million | 2019 | Serial | 5% | 117.44 | 1.13%
|
| $5.73 million | 2020 | Serial | 5% | 119.452 | 1.40%
|
| $4.83 million | 2021 | Serial | 5% | 120.981 | 1.65%
|
| $5.07 million | 2022 | Serial | 5% | 122.181 | 1.87%
|
| $5.33 million | 2023 | Serial | 5% | 122.977 | 2.08%
|
| $5.59 million | 2024 | Serial | 5% | 123.805 | 2.24%
|
| $5.87 million | 2025 | Serial | 5% | 122.831 | 2.34%
|
| $6,165,000 | 2026 | Serial | 5% | 121.579 | 2.47%
|
| $6,475,000 | 2027 | Serial | 4% | 110.607 | 2.74%
|
| $6.73 million | 2028 | Serial | 3% | 100 | 3%
|
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