By Sheri Kasprzak
New York, July 27 - The City of New York brought $800 million in series 2011 general obligation bonds, said a term sheet.
The offering included $165 million in series 2011A bonds and $635 million in series 2011B bonds.
The 2011A bonds are due 2011 to 2021 with coupons from 2% to 5%. The 2011B bonds are due 2012 to 2033 with a term bond due 2037. The serials have coupons from 2% to 5%. The 2037 bonds have a 4.25% coupon priced at 97.798.
Barclays Capital Inc. was the senior manager for the bonds (Aa2//AA). The co-managers were Loop Capital Markets LLC and Citigroup Global Markets Inc.
Proceeds will be used to fund general capital improvements.
| Issuer: | City of New York
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $800 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead); Loop Capital Markets LLC and Citigroup Global Markets Inc. (co-managers)
|
| Ratings: | Moody's Investors Service: Aa2
|
| Fitch Ratings: AA
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 12
|
|
|
| Series 2011A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 2% | NRO
|
| 2012 | Serial | 2% | 102.478
|
| 2013 | Serial | 2.5% | 103.959
|
| 2014 | Serial | 3% | 105.798
|
| 2014 | Serial | 5% | 113.479
|
| 2015 | Serial | 3% | 105.533
|
| 2015 | Serial | 5% | 114.991
|
| 2016 | Serial | 3% | 104.394
|
| 2016 | Serial | 5% | 115.522
|
| 2017 | Serial | 3% | 103.049
|
| 2017 | Serial | 5% | 115.759
|
| 2018 | Serial | 3% | 101.849
|
| 2018 | Serial | 5% | 116.080
|
| 2019 | Serial | 3% | 100.548
|
| 2019 | Serial | 5% | 116.222
|
| 2020 | Serial | 3% | 99.147
|
| 2021 | Serial | 4% | 106.517
|
|
|
| Series 2011B
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2% | 102.478
|
| 2012 | Serial | 3% | 104.430
|
| 2012 | Serial | 4% | 106.382
|
| 2013 | Serial | 2.5% | 103.959
|
| 2013 | Serial | 4% | 108.326
|
| 2013 | Serial | 5% | 111.238
|
| 2014 | Serial | 4% | 109.639
|
| 2014 | Serial | 5% | 113.479
|
| 2015 | Serial | 4% | 110.262
|
| 2015 | Serial | 5% | 114.991
|
| 2016 | Serial | 4% | 109.958
|
| 2016 | Serial | 5% | 115.522
|
| 2017 | Serial | 4% | 109.404
|
| 2017 | Serial | 5% | 115.759
|
| 2018 | Serial | 4% | 108.965
|
| 2018 | Serial | 5% | 116.080
|
| 2019 | Serial | 4% | 108.385
|
| 2019 | Serial | 5% | 116.222
|
| 2020 | Serial | 3% | 99.147
|
| 2020 | Serial | 4% | 107.666
|
| 2020 | Serial | 5% | 116.186
|
| 2021 | Serial | 5% | 114.983
|
| 2022 | Serial | 3.25% | 99.410
|
| 2022 | Serial | 5% | 114.250
|
| 2023 | Serial | 5% | 112.890
|
| 2024 | Serial | 5% | 111.816
|
| 2025 | Serial | 5% | 110.843
|
| 2026 | Serial | 4% | 101.979
|
| 2027 | Serial | 4% | 101.148
|
| 2027 | Serial | 5% | 109.358
|
| 2028 | Serial | 4% | 100.325
|
| 2029 | Serial | 4% | 99.472
|
| 2030 | Serial | 4% | 98.376
|
| 2031 | Serial | 4.125% | 98.959
|
| 2032 | Serial | 4.25% | 99.715
|
| 2033 | Serial | 4.25% | 98.985
|
| 2037 | Term | 4.25% | 97.798
|
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