Published on 10/24/2014 in the Prospect News Municipals Daily.
New Issue: New Britain, Conn., sells $55.3 million 2% BANs at 100.512 to yield 0.73%
By Cristal Cody
Tupelo, Miss., Oct. 24 –The City of New Britain, Conn., priced $55,305,000 of 2% series 2014B general obligation bond anticipation notes at 100.512 to yield 0.73%, according to a pricing sheet.
The notes are due March 26, 2015.
William Blair & Co. Inc. managed the negotiated sale.
Proceeds will be used to finance municipal improvements and capital projects.
Issuer: | City of New Britain, Conn.
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Issue: | General obligation bond anticipation notes
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Amount: | $55,305,000
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Maturity: | March 26, 2015
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Type: | Negotiated
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Underwriter: | William Blair & Co. Inc.
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Coupon: | 2%
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Price: | 100.512
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Yield: | 0.73%
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Rating: | Not rated
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Pricing date: | Oct. 22
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Settlement date: | Oct. 30
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