Published on 1/29/2013 in the Prospect News Municipals Daily.
New Issue: Colorado Water Resources prices $94.59 million revenue refunding bonds
By Sheri Kasprzak
New York, Jan. 29 - The Colorado Water Resources and Power Development Authority sold $94,585,000 of series 2013A drinking and clean water revenue refunding bonds, said a pricing sheet.
The offering included $35.97 million of series 2013A drinking water bonds and $58,615,000 of series 2013A clean water bonds.
The drinking water bonds are due 2013 to 2025 with 2% to 5% coupons.
The clean water bonds are due 2013 to 2025 with 2% to 5% coupons.
The bonds (//AAA) were sold through J.P. Morgan Securities LLC.
Proceeds will be used to refund certain outstanding drinking and clean water bonds for debt service savings.
| Issuer: | Colorado Water Resources and Power Development Authority
|
| Issue: | Series 2013A drinking and clean water revenue refunding bonds
|
| Amount: | $94,585,000
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Rating: | Fitch: AAA
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 21
|
|
|
| $35.97 million series 2013A drinking water bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.76 million | 2013 | Serial | 2% | 100.959
|
| $1,795,000 | 2014 | Serial | 3% | 102.862
|
| $1.8 million | 2014 | Serial | 3% | 104.143
|
| $1,895,000 | 2015 | Serial | 4% | 107.284
|
| $1,915,000 | 2015 | Serial | 5% | 111.396
|
| $2,235,000 | 2016 | Serial | 4% | 110.249
|
| $2.26 million | 2016 | Serial | 5% | 115.146
|
| $2.48 million | 2017 | Serial | 5% | 116.961
|
| $2.51 million | 2017 | Serial | 5% | 118.688
|
| $2.24 million | 2018 | Serial | 5% | 120.164
|
| $2,245,000 | 2018 | Serial | 5% | 121.638
|
| $1,395,000 | 2019 | Serial | 5% | 122.358
|
| $1.4 million | 2019 | Serial | 5% | 123.507
|
| $955,000 | 2020 | Serial | 2% | 104.002
|
| $950,000 | 2020 | Serial | 5% | 124.825
|
| $1,095,000 | 2021 | Serial | 3% | 110.428
|
| $1,095,000 | 2021 | Serial | 4% | 118.186
|
| $1.19 million | 2022 | Serial | 5% | 126.553
|
| $1,195,000 | 2022 | Serial | 5% | 126.999
|
| $890,000 | 2023 | Serial | 2% | 99.548
|
| $895,000 | 2023 | Serial | 3% | 107.734
|
| $530,000 | 2024 | Serial | 2.125% | 98.495
|
| $525,000 | 2024 | Serial | 3% | 105.87
|
| $360,000 | 2025 | Serial | 2.375% | 98.605
|
| $360,000 | 2025 | Serial | 3% | 103.956
|
|
|
| $58,615,000 series 2013A clean water bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $650,000 | 2013 | Serial | 2% | 100.959
|
| $530,000 | 2014 | Serial | 3% | 102.862
|
| $540,000 | 2014 | Serial | 3% | 104.112
|
| $620,000 | 2015 | Serial | 4% | 107.284
|
| $630,000 | 2015 | Serial | 5% | 111.396
|
| $1.21 million | 2016 | Serial | 3% | 107.252
|
| $1,235,000 | 2016 | Serial | 4% | 111.664
|
| $1.48 million | 2017 | Serial | 5% | 116.961
|
| $1,485,000 | 2017 | Serial | 5% | 118.688
|
| $2.11 million | 2018 | Serial | 5% | 120.164
|
| $2,115,000 | 2018 | Serial | 5% | 121.638
|
| $2,155,000 | 2019 | Serial | 5% | 122.358
|
| $2,155,000 | 2019 | Serial | 5% | 123.507
|
| $2.28 million | 2020 | Serial | 5% | 124.014
|
| $2.29 million | 2020 | Serial | 5% | 124.825
|
| $2,485,000 | 2021 | Serial | 5% | 125.432
|
| $2,485,000 | 2021 | Serial | 5% | 126.093
|
| $3,015,000 | 2022 | Serial | 5% | 126.553
|
| $3,005,000 | 2022 | Serial | 4% | 118.318
|
| $4.79 million | 2023 | Serial | 5% | 126.005
|
| $4,785,000 | 2023 | Serial | 5% | 125.512
|
| $4.92 million | 2024 | Serial | 3% | 106.399
|
| $4,935,000 | 2024 | Serial | 3% | 105.87
|
| $3,355,000 | 2025 | Serial | 3% | 104.388
|
| $3,355,000 | 2025 | Serial | 3% | 103.956
|
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