By Sheri Kasprzak
New York, Oct. 28 - The Bay Area Toll Authority of California brought $1.3 billion in series 2009F-2 Build America Bonds, according to a term sheet.
The bonds (Aa2/AA/AA) were sold through Citigroup Global Markets Inc.
The bonds are due 2049 and have a 6.263% coupon, priced at par.
Proceeds will fund improvements to the San Francisco Bay Area toll bridges.
The Bay Area Toll Authority is located in Oakland, Calif.
Issuer: | Bay Area Toll Authority
|
Issue: | Series 2009F-2 Build America Bonds
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Amount: | $1.3 billion
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Maturity: | 2049
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Coupon: | 6.263%
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Price: | Par
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Type: | Negotiated
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Underwriter: | Citigroup Global Markets Inc. (lead)
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Ratings: | Moody's: Aa2
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| Standard & Poor's: AA
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| Fitch: AA
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