New Issue: El Paso, Texas, offers up $63.76 million of certificates of obligation

By Sheri Kasprzak

New York, Oct. 2 - The City of El Paso, Texas, sold $63,755,000 of series 2013 combination tax and revenue certificates of obligation, according to a pricing sheet.

The bonds (//AA) were sold through Southwest Securities Inc.

The bonds are due 2017 to 2030 with term bonds due in 2033, 2036 and 2039. The serial coupons range from 1% to 5%. The 2033 bonds have a 4.25% coupon priced at 97.378. The 2036 bonds have a 5% coupon priced at 104.171 and the 2039 bonds have a 5% coupon priced at 103.047.

Proceeds will be used to finance various public infrastructure projects.

Issuer:	El Paso, Texas
Issue:	Series 2013 combination tax and revenue certificates of obligation
Amount:	$63,755,000
Type:	Negotiated
Underwriter:	Southwest Securities Inc.
Rating:	Fitch: AA
Pricing date:	Oct. 2
Amount	Maturity	Type	Coupon	Price
$1.98 million	2017	Serial	1%	99.439
$2 million	2018	Serial	1.5%	99.721
$2.03 million	2019	Serial	4%	111.472
$2.11 million	2020	Serial	4%	111.351
$2.19 million	2021	Serial	4%	110.526
$2.28 million	2022	Serial	5%	117.782
$2.4 million	2023	Serial	5%	117.748
$2.51 million	2024	Serial	5%	115.802
$2.17 million	2025	Serial	5%	113.985
$2,275,000	2026	Serial	5%	112.378
$2.39 million	2027	Serial	5%	110.885
$2.51 million	2028	Serial	5%	109.587
$2.64 million	2029	Serial	5%	108.478
$2.77 million	2030	Serial	5%	107.549
$9.1 million	2033	Term	4.25%	97.378
$10,375,000	2036	Term	5%	104.171
$12,025,000	2039	Term	5%	103.047

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