By Sheri Kasprzak
New York, Dec. 17 - The City of El Paso sold $112,105,000 of series 2014 taxable general obligation refunding bonds, according to a pricing sheet.
The bonds (/AA/AA) were sold through Goldman, Sachs & Co.
The bonds are due 2015 to 2027 with a term bond due in 2034. The serial coupons range from 0.622% to 4.646% all priced at par. The 2034 bonds have a 5.177% coupon priced at par.
Proceeds will be used to refund the city's series 2009 pension obligation bonds.
| Issuer: | City of El Paso
|
| Issue: | Series 2014 taxable general obligation refunding bonds
|
| Amount: | $112,105,000
|
| Type: | Negotiated
|
| Underwriter: | Goldman, Sachs & Co.
|
| Ratings: | Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Dec. 17
|
| Settlement date: | Jan. 16
|
|
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 0.622% | 100
|
| 2016 | Serial | 1.049% | 100
|
| 2017 | Serial | 1.646% | 100
|
| 2018 | Serial | 2.146% | 100
|
| 2019 | Serial | 2.662% | 100
|
| 2020 | Serial | 3.112% | 100
|
| 2021 | Serial | 3.446% | 100
|
| 2022 | Serial | 3.696% | 100
|
| 2023 | Serial | 3.946% | 100
|
| 2024 | Serial | 4.146% | 100
|
| 2025 | Serial | 4.346% | 100
|
| 2026 | Serial | 4.496% | 100
|
| 2027 | Serial | 4.646% | 100
|
| 2034 | Term | 5.177% | 100
|
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