Published on 11/9/2010 in the Prospect News Municipals Daily.
New Issue: Dallas prices $204.09 million G.O. refunding bonds
By Sheri Kasprzak
New York, Nov. 9 - The City of Dallas sold $204.09 million of series 2010C general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa1) were sold through Loop Capital Markets LLC and Citigroup Global Markets Inc. The co-managers included Goldman Sachs & Co., Jackson Securities Inc., Morgan Keegan & Co. Inc., Piper Jaffray & Co., Ramirez & Co. Inc., Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC.
The bonds are due 2011 and 2020 to 2024 with coupons from 0.295% to 4.66%, all priced at par.
Proceeds will be used to refund existing debt.
| Issuer: | City of Dallas
|
| Issue: | Series 2010C general obligation refunding bonds
|
| Amount: | $204.09 million
|
| Type: | Negotiated
|
| Underwriters: | Loop Capital Markets LLC and Citigroup Global Markets Inc. (lead); Goldman Sachs & Co., Jackson Securities Inc., Morgan Keegan & Co. Inc., Piper Jaffray & Co., Ramirez & Co. Inc., Stifel, Nicolaus & Co. Inc. and Wells Fargo Securities LLC (co-managers)
|
| Rating: | Moody's: Aa1
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 18
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Term | 0.295% | 100
|
| 2020 | Serial | 3.96% | 100
|
| 2021 | Serial | 4.16% | 100
|
| 2022 | Serial | 4.31% | 100
|
| 2023 | Serial | 4.51% | 100
|
| 2024 | Serial | 4.66% | 100
|
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