Published on 7/22/2014 in the Prospect News Municipals Daily.
New Issue: Dallas/Fort Worth International Airport brings $78.43 million of bonds
By Sheri Kasprzak
New York, July 22 – The Cities of Dallas and Fort Worth, Texas, sold $78.43 million of series 2014D joint revenue refunding bonds for the Dallas/Fort Worth International Airport, said a pricing sheet.
The bonds (/A+/A) were sold through Cabrera Capital Markets LLC and Ramirez & Co. Inc.
The bonds are due 2014 to 2027 with 1% to 5% coupons and 0.199% to 3.71% yields.
Proceeds will be used to refund the airport’s series 2004B improvement bonds and series 2007 revenue refunding bonds.
| Issuer: | Dallas and Fort Worth, Texas/Dallas/Fort Worth International Airport
|
| Issue: | Series 2014D joint revenue refunding bonds
|
| Amount: | $78.43 million
|
| Type: | Negotiated
|
| Underwriters: | Cabrera Capital Markets LLC and Ramirez & Co. Inc. (lead)
|
| Ratings: | Standard & Poor’s: A+
|
| Fitch: A
|
| Pricing date: | July 22
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1.33 million | 2014 | Serial | 1% | 100.186 | 0.199%
|
| $4.97 million | 2016 | Serial | 5% | 109.792 | 0.58%
|
| $5.43 million | 2017 | Serial | 5% | 112.761 | 0.98%
|
| $5,705,000 | 2018 | Serial | 5% | 114.789 | 1.39%
|
| $8.86 million | 2019 | Serial | 5% | 116.019 | 1.78%
|
| $9,345,000 | 2020 | Serial | 5% | 116.984 | 2.08%
|
| $9,805,000 | 2021 | Serial | 5% | 117.529 | 2.35%
|
| $10.8 million | 2022 | Serial | 5% | 117.762 | 2.59%
|
| $7,565,000 | 2023 | Serial | 5% | 117.342 | 2.85%
|
| $3,505,000 | 2024 | Serial | 5% | 116.021 | 3%
|
| $3,525,000 | 2025 | Serial | 5% | 114.458 | 3.18%
|
| $3.7 million | 2026 | Serial | 5% | 113.006 | 3.35%
|
| $3.89 million | 2027 | Serial | 3.5% | 97.815 | 3.71%
|
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