By Sheri Kasprzak
New York, Jan. 21 - Clark County in Nevada priced $800 million of series 2010 revenue bonds for airport projects, said a pricing sheet.
The sale included $450 million of series 2010A Las Vegas-McCarran International Airport passenger facility charge revenue bonds and $350 million of series 2010B subordinate-lien revenue bonds.
The bonds (Aa2//A) were sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager.
The 2010A bonds are due 2013 to 2022, with term bonds due 2030, 2034, 2039 and 2042, having coupons from 3% to 5.25%. The full pricing terms on the 2010A bonds were not immediately available Thursday evening.
The 2010B bonds are due 2030, 2036 and 2042, with 5%, 5.125% and 5.75% coupons, respectively. All of the 2010B bonds were priced at par.
Proceeds will be used to fund airport improvements.
| Issuer: | Clark County, Nev.
|
| Issue: | Series 2010 airport revenue bonds
|
| Amount: | $800 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: Aa2
|
| Fitch: A
|
| Pricing date: | Jan. 21
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon
|
| 2013 | Serial | 3%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 4%
|
| 2016 | Serial | 4%
|
| 2017 | Serial | 4%
|
| 2018 | Serial | 4%
|
| 2019 | Serial | 4.25%
|
| 2020 | Serial | 4.5%
|
| 2021 | Serial | 4.5%
|
| 2022 | Serial | 4.625%
|
| 2030 | Term | 5%
|
| 2034 | Term | 5.125%
|
| 2039 | Term | 5.25%
|
| 2042 | Term | 5.25%
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2030 | Term | 5% | 100
|
| 2036 | Term | 5.125% | 100
|
| 2042 | Term | 5.75% | 100
|
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