Published on 11/6/2012 in the Prospect News Municipals Daily.
New Issue: Ernest N. Morial - New Orleans Exhibition Hall sells $52.07 million refunding bonds
By Sheri Kasprzak
New York, Nov. 6 - The Ernest N. Morial - New Orleans Exhibition Hall Authority of Louisiana sold $52.07 million of series 2012 special tax refunding bonds, according to a pricing sheet.
The bonds (A2//A+) were sold through Citigroup Global Markets Inc.
The bonds are due 2013 to 2027 with 2% to 5% coupons.
Proceeds will be used to current refund all of the authority's outstanding senior bonds.
Issuer: | Ernest N. Morial - New Orleans Exhibition Hall Authority
|
Issue: | Series 2012 special tax refunding bonds
|
Amount: | $52.07 million
|
Type: | Negotiated
|
Underwriters: | Citigroup Global Markets Inc. (lead), Dorsey & Co. Inc., Loop Capital Markets LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC (co-managers)
|
Ratings: | Moody's: A2
|
Fitch: A+
|
Pricing date: | Nov. 6
|
Settlement date: | Nov. 14
|
|
Amount | Maturity | Type | Coupon | Price
|
$4.05 million | 2013 | Serial | 2% | 101.085
|
$1 million | 2014 | Serial | 2% | 102.153
|
$2.17 million | 2014 | Serial | 3% | 103.81
|
$1 million | 2015 | Serial | 2% | 102.974
|
$2.26 million | 2015 | Serial | 3% | 105.607
|
$2,355,000 | 2016 | Serial | 2% | 106.813
|
$1 million | 2016 | Serial | 3% | 103.227
|
$1 million | 2017 | Serial | 2% | 102.976
|
$2.45 million | 2017 | Serial | 4% | 111.999
|
$2.58 million | 2018 | Serial | 2% | 113.246
|
$1 million | 2018 | Serial | 4% | 102.432
|
$2.34 million | 2019 | Serial | 5% | 119.745
|
$2.47 million | 2020 | Serial | 5% | 120.127
|
$1,595,000 | 2021 | Serial | 5% | 119.977
|
$1.68 million | 2022 | Serial | 5% | 119.643
|
$1.77 million | 2023 | Serial | 5% | 117.87
|
$465,000 | 2024 | Serial | 3% | 99.024
|
$835,000 | 2025 | Serial | 4% | 107.466
|
$9.78 million | 2026 | Serial | 5% | 116.218
|
$1 million | 2027 | Serial | 3.25% | 100
|
$9.27 million | 2027 | Serial | 5% | 115.855
|
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