By Sheri Kasprzak
New York, April 7 - The City and County of Denver sold $349.73 million of series 2011A AMT airport system revenue bonds on Thursday, according to a pricing sheet.
The bonds (A1/A+/A+) were sold on a negotiated basis with Citigroup Global Markets Inc. as the senior manager.
The bonds are due 2012 to 2023 with 3% to 5.75% coupons.
Proceeds will be used to refund all of the airport system's series 2008A-3 revenue bonds, all of its series 2008A-4 revenue bonds and all or a portion of its series 2000A revenue refunding bonds.
| Issuer: | City and County of Denver
|
| Issue: | Series 2011A AMT airport system revenue bonds
|
| Amount: | $349.73 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | April 7
|
| Settlement date: | April 14
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $14.58 million | 2012 | Serial | 3% | 102.389
|
| $17.81 million | 2013 | Serial | 4% | 103.91
|
| $15.51 million | 2014 | Serial | 4% | 103.546
|
| $16.135 million | 2015 | Serial | 5% | 106.738
|
| $26.19 million | 2016 | Serial | 5% | 105.83
|
| $895,000 | 2017 | Serial | 4% | 98.517
|
| $26.445 million | 2017 | Serial | 5% | 104.207
|
| $49.745 million | 2018 | Serial | 5.25% | 104.248
|
| $44.43 million | 2019 | Serial | 5.5% | 104.373
|
| $25 million | 2020 | Serial | 5% | 99.244
|
| $24.7 million | 2020 | Serial | 5.75% | 104.875
|
| $40.915 million | 2021 | Serial | 5% | 98.303
|
| $30.415 million | 2022 | Serial | 5.25% | 99.139
|
| $16.96 million | 2023 | Serial | 5.25% | 98.279
|
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