By Sheri Kasprzak
New York, Dec. 3 - The District of Columbia sold $342.615 million of series 2010F income-tax secured revenue bonds, according to a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC with Bank of America Merrill Lynch, Fidelity Capital Markets Inc., Loop Capital Markets LLC, RBC Capital Markets Corp., Rice Financial Products Co. and Wells Fargo Securities LLC as the co-managers.
The bonds are due 2022, 2023, 2026 and 2035. The 2022 bonds have a 4.709% coupon, and the 2023 bonds have a 4.909% coupon. The 2026 bonds have a 5.282% coupon, and the 2035 bonds have a 5.582% coupon. All of the bonds are priced at par.
Proceeds will be used to finance capital projects.
| Issuer: | District of Columbia
|
| Issue: | Series 2010F income-tax secured revenue bonds
|
| Amount: | $342.615 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Siebert Brandford Shank & Co. LLC (lead), Bank of America Merrill Lynch, Fidelity Capital Markets Inc., Loop Capital Markets LLC, RBC Capital Markets Corp., Rice Financial Products Co. and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | Dec. 2
|
| Settlement date: | Dec. 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $15.58 million | 2022 | Term | 4.709% | 100
|
| $20.18 million | 2023 | Term | 4.909% | 100
|
| $56.855 million | 2026 | Term | 5.282% | 100
|
| $250 million | 2035 | Term | 5.582% | 100
|
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