Published on 8/27/2014 in the Prospect News Municipals Daily.
New Issue: Dallas-Fort Worth International Airport sells $97.39 million of bonds
By Sheri Kasprzak
New York, Aug. 27 – The Cities of Dallas and Fort Worth, Texas, priced $97.39 million of series 2014E non-AMT joint revenue refunding bonds for the Dallas-Fort Worth International Airport, according to a pricing sheet.
The bonds (/A+/A) were sold through Jefferies & Co. and Siebert Brandford Shank & Co. LLC.
The bonds are due 2016 to 2027 with 4% to 5% coupons.
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 2014E non-AMT joint revenue refunding bonds
|
| Amount: | $97.39 million
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. and Siebert Brandford Shank & Co. LLC (lead)
|
| Ratings: | Standard & Poor’s: A+
|
| Fitch: A
|
| Pricing date: | Aug. 27
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $5.59 million | 2016 | Serial | 4% | 107.567
|
| $6,105,000 | 2017 | Serial | 5% | 113.178
|
| $6.41 million | 2018 | Serial | 5% | 115.882
|
| $9.17 million | 2019 | Serial | 5% | 117.777
|
| $9,665,000 | 2020 | Serial | 5% | 118.844
|
| $10.14 million | 2021 | Serial | 5% | 119.446
|
| $15.74 million | 2022 | Serial | 5% | 119.808
|
| $11.25 million | 2023 | Serial | 5% | 118.507
|
| $5.5 million | 2024 | Serial | 5% | 117.462
|
| $5,655,000 | 2025 | Serial | 5% | 116.586
|
| $5,935,000 | 2026 | Serial | 5% | 115.954
|
| $6.23 million | 2027 | Serial | 5% | 115.483
|
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