Published on 10/19/2012 in the Prospect News Municipals Daily.
New Issue: Dallas/Fort Worth sells $294.1 million airport revenue refunding bonds
By Sheri Kasprzak
New York, Oct. 19 - The Dallas and Fort Worth came to market with $294.08 million of series 2012G joint airport revenue refunding bonds for the Dallas/Fort Worth International Airport, according to a pricing sheet.
The bonds (A1/A+/A+) were sold through Siebert Brandford Shank & Co. LLC and Stifel, Nicolaus & Co. LLC.
The bonds are due 2013 to 2035 with 2% to 5% coupons and yields from 0.33% to 3.40%.
Proceeds will be used to refund the Dallas/Fort Worth International Airport's series 2002A joint revenue refunding and improvement bonds.
| Issuer: | Dallas and Fort Worth, Texas/Dallas-Fort Worth International Airport
|
| Issue: | Series 2012G joint airport revenue refunding bonds
|
| Amount: | $294.08 million
|
| Type: | Negotiated
|
| Underwriters: | Siebert Brandford Shank & Co. LLC and Stifel, Nicolaus & Co. LLC (lead), Citigroup Global Markets Inc. and Cabrera Capital Markets LLC (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 31
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $2,985,000 | 2013 | Serial | 2% | 0.33%
|
| $2.97 million | 2014 | Serial | 3% | 0.50%
|
| $2,945,000 | 2015 | Serial | 4% | 0.67%
|
| $1,355,000 | 2017 | Serial | 4% | 1.14%
|
| $1,275,000 | 2018 | Serial | 5% | 1.36%
|
| $1.75 million | 2019 | Serial | 5% | 1.65%
|
| $1.77 million | 2020 | Serial | 5% | 1.97%
|
| $1.79 million | 2021 | Serial | 5% | 2.23%
|
| $1,825,000 | 2022 | Serial | 5% | 2.43%
|
| $1.85 million | 2023 | Serial | 5% | 2.60%
|
| $1.88 million | 2024 | Serial | 5% | 2.70%
|
| $23.84 million | 2025 | Serial | 5% | 2.73%
|
| $24.03 million | 2026 | Serial | 5% | 2.80%
|
| $24.23 million | 2027 | Serial | 5% | 2.88%
|
| $24.81 million | 2028 | Serial | 5% | 2.95%
|
| $25,355,000 | 2029 | Serial | 5% | 3.02%
|
| $29.6 million | 2030 | Serial | 5% | 3.09%
|
| $46.71 million | 2033 | Serial | 5% | 3.27%
|
| $34,045,000 | 2034 | Serial | 5% | 3.34%
|
| $39,065,000 | 2035 | Serial | 5% | 3.40%
|
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