By Aaron Hochman-Zimmerman
New York, May 14 - Clearwater, Fla., announced the sale of $66 million in water and sewer revenue bonds (Aa2/AAA/AA, insured; A2/AA-/A, underlying), according to a market source.
Yields ranged from 4.01% at the earliest 2019 maturity to 5.50% at the final 2039 maturity.
Wachovia Bank NA acted as lead underwriter for the negotiated issue. RBC Capital Markets Corp., Fifth Third Securities Inc. and Merrill Lynch & Co. were co-managers. Raymond James & Associates Inc. acted as financial advisor.
Proceeds will be used for capital improvement and to retire outstanding debt.
Issuer: Clearwater
Issue: Series 2009 water and sewer revenue bonds
| Amount: | $66 million
|
| Maturities: | 2019 to 2039
|
| Yield range: | 4.01% to 5.50%
|
| Underwriter: | Wachovia Securities Inc.
|
| Pricing date: | May 14
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
| Fitch: AA
|
© 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.
