Published on 5/31/2012 in the Prospect News Municipals Daily.
New Issue: Pima County, Ariz., prices $76.23 million of G.O. bonds
By Sheri Kasprzak
New York, May 31 - Pima County, Ariz., sold $76,225,000 of series 2012 general obligation bonds, said a pricing sheet.
The deal included $60 million of series 2012A bonds and $16,225,000 of series 2012B refunding bonds.
The 2012A bonds are due 2013 to 2027 with 1% to 4% coupons. The 2012B bonds are due 2013 to 2017 with 2% to 3% coupons.
RBC Capital Markets LLC was the senior manager for the bonds (//AA).
Proceeds will be used to finance various capital improvements and refund a portion of the county's outstanding G.O. debt for interest savings.
| Issuer: | Pima County, Ariz.
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $76,225,000
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC (lead)
|
| Rating: | Fitch: AA
|
| Pricing date: | May 31
|
| Settlement date: | June 13
|
|
|
| $60 million series 2012A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $10 million | 2013 | Serial | 1% | 100.796
|
| $6.25 million | 2014 | Serial | 2% | 102.951
|
| $2.25 million | 2015 | Serial | 2% | 103.577
|
| $2.54 million | 2016 | Serial | 2% | 103.635
|
| $2,995,000 | 2017 | Serial | 3% | 108.129
|
| $3,085,000 | 2018 | Serial | 3% | 107.682
|
| $3.18 million | 2019 | Serial | 3% | 106.884
|
| $3,275,000 | 2020 | Serial | 3% | 105.493
|
| $3,375,000 | 2021 | Serial | 3% | 104.026
|
| $3,475,000 | 2022 | Serial | 4% | 111.654
|
| $3,615,000 | 2023 | Serial | 4% | 110.534
|
| $3.76 million | 2024 | Serial | 4% | 109.73
|
| $3.91 million | 2025 | Serial | 4% | 109.036
|
| $4,065,000 | 2026 | Serial | 4% | 108.64
|
| $4,225,000 | 2027 | Serial | 3.25% | 97.093
|
|
|
| $16,225,000 series 2012B refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $150,000 | 2013 | Serial | 2% | 101.78
|
| $3.92 million | 2014 | Serial | 2% | 102.951
|
| $4.1 million | 2015 | Serial | 2% | 103.577
|
| $4.02 million | 2016 | Serial | 2% | 103.635
|
| $4,035,000 | 2017 | Serial | 3% | 108.129
|
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