Published on 12/11/2012 in the Prospect News Municipals Daily.
New Issue: El Paso, Texas, sells $75.72 million series 2012A water and sewer bonds
By Sheri Kasprzak
New York, Dec. 11 - The City of El Paso, Texas, sold $75,715,000 of series 2012A water and sewer revenue refunding and improvement bonds, according to a pricing sheet.
The bonds (/AA/AA+) were sold through Citigroup Global Markets Inc.
The bonds are due 2013 to 2033 with 2% to 5% coupons.
Proceeds will be used to refund the city's series 2003B, 2004 and 2004A revenue bonds and to refund a portion of the city's water and sewer system commercial paper notes, as well as to finance capital improvements to the system.
| Issuer: | City of El Paso, Texas
|
| Issue: | Series 2012A water and sewer revenue refunding and improvement bonds
|
| Amount: | $75,715,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), Siebert Brandford Shank & Co. LLC and Southwest Securities Inc. (co-managers)
|
| Rating: | Standard & Poor's: AA
|
| Fitch: AA+
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 27
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,055,000 | 2013 | Serial | 2% | 100.317
|
| $1.18 million | 2014 | Serial | 2% | 101.925
|
| $3.71 million | 2015 | Serial | 3% | 105.407
|
| $3,845,000 | 2016 | Serial | 3% | 107.247
|
| $5 million | 2017 | Serial | 3% | 108.848
|
| $5,125,000 | 2018 | Serial | 2% | 105.033
|
| $5.29 million | 2019 | Serial | 4% | 117.012
|
| $5,505,000 | 2020 | Serial | 4% | 118.069
|
| $1.6 million | 2021 | Serial | 2% | 103.442
|
| $4.15 million | 2021 | Serial | 4% | 118.747
|
| $5.99 million | 2022 | Serial | 5% | 127.54
|
| $6,285,000 | 2023 | Serial | 5% | 126.377
|
| $6,575,000 | 2024 | Serial | 5% | 125.609
|
| $2.33 million | 2025 | Serial | 5% | 124.847
|
| $1,865,000 | 2026 | Serial | 5% | 124.373
|
| $1,935,000 | 2027 | Serial | 2.5% | 98.002
|
| $2 million | 2028 | Serial | 4% | 112.755
|
| $2.08 million | 2029 | Serial | 4% | 112.143
|
| $2.16 million | 2030 | Serial | 4% | 111.362
|
| $2.25 million | 2031 | Serial | 4% | 110.845
|
| $2,345,000 | 2032 | Serial | 4% | 110.331
|
| $2.44 million | 2033 | Serial | 4% | 109.819
|
© 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.
