By Sheri Kasprzak
New York, June 24 - Union County in New Jersey priced $182,746,250 in series 2010 bond anticipation notes on Thursday, according to a term sheet.
The notes were sold competitively with Wells Fargo Securities Inc. taking a $132,746,250 portion of the notes and Beneficial Bank taking the remaining $50 million.
The $132.74 million in notes won by Wells Fargo have a 2% coupon priced at 101.509.
The $50 million in notes won by Beneficial have a 1.25% coupon priced at 100.797.
Both notes are due July 1, 2011.
Proceeds from the sale will be used to finance capital needs for the coming fiscal year.
| Issuer: | Union County, N.J.
|
| Issue: | Series 2010 bond anticipation notes
|
| Amount: | $182,746,250
|
| Type: | Competitive
|
| Underwriters: | Wells Fargo Securities Inc. and Beneficial Bank (winners)
|
| Pricing date: | June 24
|
| Settlement date: | July 1
|
|
|
| Maturity | Amount | Type | Coupon | Price
|
| July 1, 2011 | $132,746,250 | Term | 2% | 101.509
|
| July 1, 2011 | $50 million | Term | 1.25% | 100.797
|
© 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.
