By Sheri Kasprzak
New York, Oct. 26 - The Pennsylvania Economic Development Authority sold on Tuesday $141.385 million in series 2010 first mortgage bonds for Aqua Pennsylvania Inc., according to a pricing sheet.
The deal included $45.18 million in series 2010A bonds and $96.205 million in series 2010B bonds.
The 2010A bonds are due 2033 and 2034 with 5% coupons. The 2033 bonds are priced at par, and the 2034 bonds are priced at 99.306.
The 2010B bonds are due 2042 and 2043 with a 4.5% and a 5% coupon, respectively. The 2042 bonds are priced at 95.904, and the 2043 bonds are priced at 103.185.
Proceeds will be used to improve Aqua Pennsylvania's infrastructure as part of the company's $1 billion capital plan.
Based in Bryn Mawr, Pa., Aqua Pennsylvania is a water and wastewater utility holding company.
| Issuer: | Pennsylvania Economic Development Authority/Aqua Pennsylvania Inc.
|
| Issue: | Series 2010 first mortgage bonds
|
| Amount: | $141.385 million
|
| Pricing date: | Oct. 26
|
| Settlement date: | Nov. 17
|
|
|
| $45.18 million series 2010A
|
| Amount | Maturity | Type | Coupon | Price
|
| $25.91 million | 2033 | Serial | 5% | 100
|
| $19.27 million | 2034 | Serial | 5% | 99.306
|
|
|
| $96.205 million series 2010B
|
| Amount | Maturity | Type | Coupon | Price
|
| $15 million | 2042 | Serial | 4.5% | 95.904
|
| $81.205 million | 2043 | Serial | 5% | 103.185
|
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