By Sheri Kasprzak
New York, June 20 - The Cities of Dallas and Fort Worth, Texas, sold $240 million of series 2013C AMT joint airport revenue improvement bonds for the Dallas-Fort Worth International Airport, according to a pricing sheet. The deal was downsized from $366.99 million.
The bonds (A2/A+/A) were sold through Jefferies & Co. and Siebert Brandford Shank & Co. LLC.
The bonds are due 2038, 2043 and 2045. The 2038 bonds have a 5% coupon priced at 98.23, and the 2043 bonds have a 5.125% coupon priced at 98.854. The 2045 bonds have a 4.75% coupon priced at 100.158.
Proceeds will be used to finance improvements and additions to the airport.
Issuer: | Dallas and Fort Worth, Texas/Dallas-Fort Worth International Airport
|
Issue: | Series 2013C AMT joint airport revenue improvement bonds
|
Amount: | $240 million
|
Type: | Negotiated
|
Underwriters: | Jefferies & Co. and Siebert Brandford Shank & Co. LLC (lead), Barclays and Cabrera Capital Markets LLC (co-managers)
|
Ratings: | Moody's: A2
|
| Standard & Poor's: A+
|
| Fitch: A
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Pricing date: | June 20
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Settlement date: | July 1
|
|
Amount | Maturity | Type | Coupon | Price
|
$49.65 million | 2038 | Term | 5% | 98.23
|
$133.75 million | 2043 | Term | 5.125% | 98.854
|
$56.6 million | 2045 | Term | 4.75% | 100.158
|
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