By Sheri Kasprzak
New York, March 26 - The District of Columbia sold $126.67 million in series 2010C adjusted Sifma rate income tax secured revenue refunding bonds (Aa2/AAA/AA) on Friday, according to an official statement.
The bonds are due 2010 to 2011. The 2010 bonds are priced at Sifma rate plus 2 basis points and the 2011 bonds are priced at Sifma rate plus 18 basis points.
Morgan Stanley & Co. Inc. was the senior manager.
Proceeds will be used to refund the district's series 2008B bonds.
| Issuer: | District of Columbia
|
| Issue: | Series 2010C adjusted Sifma rate income tax secured revenue refunding bonds
|
| Amount: | $126.67 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc. (lead)
|
| Ratings: | Moody's: AA2
|
| Standard & Poor's: AAA
|
| Fitch: AA
|
| Pricing date: | March 26
|
| Settlement date: | April 1
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | Sifma plus 2 bps | 100
|
| 2011 | Serial | Sifma plus 18 bps | 100
|
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