Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for District of Columbia > News item |
District of Columbia offers $410.47 million income tax secured bonds
By Sheri Kasprzak
New York, Dec. 5 - The District of Columbia is set to price $410.47 million of series 2011 income tax secured revenue bonds on Dec. 14, according to a preliminary official statement.
The sale includes $200 million of series 2011F bonds and $210.47 million of series 2011G bonds.
The 2011F bonds will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Barclays Capital Inc.; Loop Capital Markets LLC; Bank of America Merrill Lynch; J.P. Morgan Securities LLC; M.R. Beal & Co. Inc.; Rice Financial Products Co.; RBC Capital Markets LLC; and TD Securities (USA) LLC.
The 2011G bonds will be sold competitively with Phoenix Capital Partners LLC and Public Resources Advisory Group Inc. as the financial advisers.
The 2011F bonds are due 2012 to 2026 with a term bond due in 2036. The 2011G bonds are due 2026 to 2035.
Proceeds will be used to pay for or reimburse the city for the costs of capital projects.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.