Hawaii eyes $246.76 million offering of airport system revenue bonds

By Sheri Kasprzak

New York, Nov. 2 – The State of Hawaii is set to price $246.76 million of series 2015 airport system revenue bonds during the week of Nov. 2, according to a preliminary official statement.

The bonds (A1/A+/A) will be sold on a negotiated basis with Morgan Stanley & Co. LLC, BofA Merrill Lynch and Barclays as the senior managers.

The deal includes $235.73 million of series 2015A AMT bonds and $11.03 million of series 2015B non-AMT bonds.

The 2015A bonds are due July 1, 2045, and the 2015B bonds are due July 1, 2045.

Proceeds will be used to finance capital improvements to the Honolulu International Airport, Kahului Airport, Hilo International Airport, Kona International Airport and Lihue Airport.

© 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.