By Sheri Kasprzak
New York, July 13 - Collier County in Florida priced $62.5 million in series 2010 special obligation revenue bonds on Tuesday, according to a pricing sheet.
The bonds (Aa2/AA/AA) were sold competitively with Barclays Capital Inc. winning the bid. The true interest cost came in at 4.269303%. Public Financial Management Inc. was the financial adviser.
The bonds are due 2011 to 2030 with a term bond due 2034. The serial coupons range from 3% to 4.5%. The 2034 bonds have a 5% coupon priced at 103.078.
Proceeds will be used to refinance existing debt.
| Issuer: | Collier County, Fla.
|
| Issue: | Series 2010 special obligation revenue bonds
|
| Amount: | $62.5 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc. (winner)
|
| True interest cost: | 4.269303%
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | July 13
|
| Settlement date: | July 23
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 102.1
|
| 2012 | Serial | 3% | 103.83
|
| 2013 | Serial | 3% | 105.004
|
| 2014 | Serial | 3% | 105.088
|
| 2015 | Serial | 3% | 104.2
|
| 2016 | Serial | 3.25% | 104.058
|
| 2017 | Serial | 3.25% | 102.946
|
| 2018 | Serial | 3.25% | 101.895
|
| 2019 | Serial | 3.25% | 100.539
|
| 2020 | Serial | 3.25% | 99.075
|
| 2021 | Serial | 3.375% | 98.334
|
| 2022 | Serial | 4% | 102.139
|
| 2023 | Serial | 4% | 101.144
|
| 2024 | Serial | 4% | 100.16
|
| 2025 | Serial | 4% | 98.999
|
| 2026 | Serial | 4.125% | 99.247
|
| 2027 | Serial | 4.125% | 98.143
|
| 2028 | Serial | 4.25% | 98.638
|
| 2029 | Serial | 4.375% | 99.297
|
| 2030 | Serial | 4.5% | 100
|
| 2034 | Term | 5% | 103.078
|
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