Published on 6/3/2015 in the Prospect News Municipals Daily.
New Issue: Clark County, Nev., offers up $165.13 million airport revenue bonds
By Sheri Kasprzak
New York, June 3 – Clark County, Nev., sold $165,125,000 of series 2015B junior lien airport system revenue bonds for the McCarran International Airport, according to a pricing sheet.
The bonds (A2/A/) were sold through Citigroup Global Markets Inc.
The bonds are due in 2017 with a 3% coupon priced at 103.414 to yield 1.25% and a 5% coupon priced at 107.317 to yield 1.25%.
Proceeds will be used to repay the airport’s series 2013C-1 notes.
| Issuer: | Clark County, Nev./McCarran International Airport
|
| Issue: | Series 2015B junior lien airport system revenue bonds
|
| Amount: | $165,125,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), BofA Merrill Lynch and J.P. Morgan Securities LLC (co-managers)
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Pricing date: | June 3
|
| Settlement date: | July 1
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $60 million | 2017 | Term | 3% | 103.414 | 1.25%
|
| $105,125,000 | 2017 | Term | 5% | 107.317 | 1.25%
|
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