New Issue: Denver brings $856.21 million of airport system revenue bonds

By Sheri Kasprzak

New York, Oct. 11 - The City and County of Denver priced $856,205,000 of series 2012 airport system revenue bonds, said a pricing sheet.

The bonds (//A+) were sold through Barclays.

The offering included $315.78 million of series 2012A bonds, $510.14 million of series 2012B bonds and $30,285,000 of series 2012C taxable bonds.

The 2012A bonds are due 2013 to 2032 with term bonds due in 2037 and 2043. The serial coupons range from 3% to 5%. The 2037 bonds have a 4% coupon priced at 99.214 and the 2043 bonds have a 4% coupon priced at 98.249.

The 2012B bonds are due 2013 to 2033 with term bonds due in 2037 and 2043. The serial coupons range from 3% to 5%. The 2037 bonds have a 5% coupon priced at 113.097. The 2043 bonds have a split maturity with a 4% coupon priced at 100.907 and a 5% coupon priced at 112.011.

The 2012C bonds are due Nov. 15, 2026, and have a 3.592% coupon priced at par.

Proceeds will be used to fund portions of the airport's 2013 to 2018 capital plan and to refund the airport's series 1999B, 2002E and 2003A bonds and commercial paper.

Issuer:	City and County of Denver
Issue:	Series 2012 airport system revenue bonds
Amount:	$856,205,000
Type:	Negotiated
Underwriter:	Barclays (lead)
Rating:	Fitch: A+
Pricing date:	Oct. 11
Settlement date:	Oct. 17
$315.78 million series 2012A bonds
Amount	Maturity	Type	Coupon	Price
$7,815,000	2013	Serial	3%	102.683
$8,435,000	2014	Serial	4%	106.58
$9.19 million	2015	Serial	4%	109.133
$9.25 million	2016	Serial	5%	115.163
$10,075,000	2017	Serial	4%	112.438
$9.37 million	2018	Serial	5%	118.85
$1,025,000	2019	Serial	3%	105.754
$1,055,000	2020	Serial	3%	104.156
$7,275,000	2021	Serial	5%	118.67
$14,545,000	2022	Serial	5%	119.199
$6.41 million	2023	Serial	5%	117.661
$58.15 million	2024	Serial	5%	116.523
$11.81 million	2025	Serial	5%	115.772
$2,925,000	2026	Serial	5%	114.934
$31.13 million	2027	Serial	5%	114.748
$32.32 million	2028	Serial	5%	114.195
$33.82 million	2029	Serial	4.25%	105.537
$35.21 million	2030	Serial	4.25%	105.018
$11,685,000	2031	Serial	4.25%	104.503
$3.23 million	2032	Serial	4.25%	103.905
$5,935,000	2037	Term	4%	99.214
$5.12 million	2043	Term	4%	98.249
$510.14 million series 2012B bonds
Amount	Maturity	Type	Coupon	Price
$1.35 million	2013	Serial	3%	102.957
$810,000	2014	Serial	3%	105.118
$2,665,000	2015	Serial	4%	110.159
$2,365,000	2016	Serial	5%	116.685
$4,835,000	2017	Serial	5%	119.426
$5.19 million	2018	Serial	5%	121.619
$5,565,000	2019	Serial	5%	122.515
$5,955,000	2020	Serial	5%	122.859
$6.37 million	2021	Serial	5%	123.202
$6.62 million	2022	Serial	5%	123.654
$6.73 million	2023	Serial	5%	123.512
$7.36 million	2024	Serial	5%	124.034
$98,295,000	2025	Serial	5%	120.074
$10,655,000	2026	Serial	5%	119.199
$11,305,000	2027	Serial	5%	118.523
$11.72 million	2028	Serial	5%	117.947
$12.43 million	2029	Serial	5%	117.375
$13.18 million	2030	Serial	5%	116.806
$38,725,000	2031	Serial	4%	104.994
$50.96 million	2032	Serial	5%	115.865
$26,435,000	2033	Serial	5%	115.119
$61,995,000	2037	Term	5%	113.097
$85 million	2043	Term	4%	100.907
$33,625,000	2043	Term	5%	112.011
$30,285,000 series 2012C taxable bonds
Maturity	Type	Coupon	Price
Nov. 15, 2026	Term	3.592%	100

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