Published on 2/6/2012 in the Prospect News Municipals Daily.
New Issue: El Paso, Texas, sells $52.78 million water and sewer revenue refunding bonds
By Sheri Kasprzak
New York, Feb. 6 - The City of El Paso, Texas, sold $52.78 million of series 2012 water and sewer revenue refunding bonds, according to a pricing sheet.
The bonds (/AA/AA+) were sold through Morgan Keegan & Co. Inc.
The bonds are due 2014 to 2028 with 3% to 5% coupons.
Proceeds will be used to refund some of the city's existing water and sewer revenue bonds.
| Issuer: | City of El Paso, Texas
|
| Issue: | Series 2012 water and sewer revenue refunding bonds
|
| Amount: | $52.78 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Keegan & Co. Inc.
|
| Ratings: | Standard & Poor's: AA
|
| Fitch: AA+
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.31 million | 2014 | Serial | 3% | 104.886
|
| $1.12 million | 2015 | Serial | 3% | 106.649
|
| $1.5 million | 2016 | Serial | 3% | 108.166
|
| $2 million | 2017 | Serial | 5% | 118.846
|
| $3,245,000 | 2018 | Serial | 5% | 120.483
|
| $3,745,000 | 2019 | Serial | 4% | 114.992
|
| $4,085,000 | 2020 | Serial | 4% | 114.971
|
| $4.24 million | 2021 | Serial | 4% | 114.9
|
| $4,235,000 | 2022 | Serial | 5% | 123.712
|
| $3.94 million | 2023 | Serial | 5% | 122.312
|
| $4,135,000 | 2024 | Serial | 5% | 121.225
|
| $4.34 million | 2025 | Serial | 5% | 120.247
|
| $4,565,000 | 2026 | Serial | 3% | 98.646
|
| $4,705,000 | 2027 | Serial | 5% | 118.128
|
| $4,615,000 | 2028 | Serial | 5% | 117.464
|
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