By Sheri Kasprzak
New York, June 15 - The City of Dallas priced $291 million in series 2010 waterworks system revenue refunding bonds, according to a pricing sheet.
The bonds (Aa1/AA/) were sold through Siebert Brandford Shank & Co. LLC.
The bonds are due 2011 to 2030 with term bonds due 2035 and 2039. Coupons range from 2% to 5%. The 2035 bonds have a 5% coupon, and the 2039 bonds have a 5% coupon. Neither of the term bonds was reoffered.
Proceeds will be used to refund existing waterworks revenue bonds.
| Issuer: | City of Dallas
|
| Issue: | Series 2010 waterworks system revenue refunding bonds
|
| Amount: | $291 million
|
| Type: | Negotiated
|
| Underwriter: | Siebert Brandford Shank & Co. LLC (lead)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | June 15
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | NRO
|
| 2012 | Serial | 3% | 104.907
|
| 2012 | Serial | 4% | 107.098
|
| 2013 | Serial | 3% | 105.754
|
| 2013 | Serial | 4% | 108.899
|
| 2014 | Serial | 2% | 101.868
|
| 2014 | Serial | 3% | 105.933
|
| 2015 | Serial | 4% | 110.375
|
| 2015 | Serial | 5% | 115.316
|
| 2016 | Serial | 4% | 109.606
|
| 2016 | Serial | 5% | 115.359
|
| 2017 | Serial | 3% | 102.149
|
| 2017 | Serial | 5% | 115.192
|
| 2018 | Serial | 4% | 107.757
|
| 2018 | Serial | 5% | 115.009
|
| 2019 | Serial | 4.25% | 108.733
|
| 2019 | Serial | 5% | 114.69
|
| 2020 | Serial | 4.5% | 110.146
|
| 2020 | Serial | 5% | 114.447
|
| 2021 | Serial | 5% | NRO
|
| 2022 | Serial | 5% | NRO
|
| 2023 | Serial | 5% | NRO
|
| 2024 | Serial | 5% | NRO
|
| 2025 | Serial | 5% | NRO
|
| 2026 | Serial | 5% | NRO
|
| 2027 | Serial | 5% | NRO
|
| 2028 | Serial | 5% | NRO
|
| 2029 | Serial | 5% | NRO
|
| 2030 | Serial | 5% | NRO
|
| 2035 | Term | 5% | NRO
|
| 2039 | Term | 5% | NRO
|
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