By Sheri Kasprzak
New York, Oct. 25 - The cities of Dallas and Fort Worth sold $106.295 million of series 2011E taxable joint revenue refunding bonds for the Dallas/Fort Worth International Airport, according to a pricing sheet.
The bonds (A1/A+/A+) were sold through Citigroup Global Markets Inc. and Ramirez & Co. Inc.
The bonds are due 2012 to 2018 with 0.9% to 3.12% coupons, all priced at par.
Proceeds will be used to refund the airport's series 2003C-1 and 2003C-2 revenue bonds.
| Issuer: | Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport
|
| Issue: | Series 2011E taxable joint revenue refunding bonds
|
| Amount: | $106.295 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Ramirez & Co. Inc. (lead)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Oct. 25
|
| Settlement date: | Nov. 9
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 0.90% | 100
|
| 2013 | Serial | 1.45% | 100
|
| 2014 | Serial | 1.77% | 100
|
| 2015 | Serial | 2.19% | 100
|
| 2016 | Serial | 2.49% | 100
|
| 2017 | Serial | 2.87% | 100
|
| 2018 | Serial | 3.12% | 100
|
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