Published on 10/2/2012 in the Prospect News Municipals Daily.
New Issue: Dallas prices $214.74 million of general obligation refunding bonds
By Sheri Kasprzak
New York, Oct. 2 - The City of Dallas sold $214.74 million of series 2012 general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through senior managers M.R. Beal & Co. Inc. and Bank of America Merrill Lynch. The co-managers were Cabrera Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.
The bonds are due 2013 to 2026 with 2% to 5% coupons.
Proceeds will be used to refund the city's series 2004, 2005 and 2006 G.O. bonds.
| Issuer: | South Jersey Port Corp.
|
| Issue: | Series 2012 marine terminal revenue and refunding bonds
|
| Amount: | $76.11 million
|
| Type: | Negotiated
|
| Underwriters: | M.R. Beal & Co. Inc. and Bank of America Merrill Lynch (lead), Cabrera Capital Markets LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan, RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Southwest Securities Inc. (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Oct. 2
|
| Settlement date: | Oct. 31
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,425,000 | 2013 | Serial | 2% | NRO
|
| $6,605,000 | 2014 | Serial | 4% | 104.729
|
| $3,575,000 | 2015 | Serial | 4% | 108.145
|
| $15,365,000 | 2016 | Serial | 4% | 111.263
|
| $14,425,000 | 2017 | Serial | 5% | 118.182
|
| $5,385,000 | 2018 | Serial | 5% | 121.243
|
| $11,375,000 | 2019 | Serial | 5% | 123.359
|
| $20,855,000 | 2020 | Serial | 5% | 124.939
|
| $20,895,000 | 2021 | Serial | 5% | 126.027
|
| $20,945,000 | 2022 | Serial | 5% | 126.767
|
| $29.55 million | 2023 | Serial | 5% | 125.506
|
| $29.6 million | 2024 | Serial | 5% | 124.641
|
| $21,085,000 | 2025 | Serial | 5% | 123.783
|
| $11,655,000 | 2026 | Serial | 5% | 122.838
|
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