Published on 6/30/2015 in the Prospect News Municipals Daily.
New Issue: Clark County, Nev., sells $99.02 million airport refunding bonds
By Sheri Kasprzak
New York, June 30 – Clark County, Nev., sold $99,015,000 of series 2015C non-AMT passenger facility charge refunding revenue bonds for Las Vegas-McCarran International Airport, according to a pricing sheet.
The bonds (A1/A+) were sold through lead manager Wells Fargo Securities LLC.
The bonds are due 2019 to 2027 with 5% coupons.
Proceeds will be used to refund the county’s series 2007A-2 bonds issued for the airport.
| Issuer: | Clark County, Nev./Las Vegas-McCarran International Airport
|
| Issue: | Series 2015C non-AMT passenger facility charge refunding revenue bonds
|
| Amount: | $99,015,000
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC (lead), J.P. Morgan Securities LLC and RBC Capital Markets LLC (co-managers)
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A+
|
| Pricing date: | June 30
|
| Settlement date: | July 22
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10.47 million | 2019 | Serial | 5% | 113.675
|
| $10,815,000 | 2020 | Serial | 5% | 115.525
|
| $11,325,000 | 2021 | Serial | 5% | 116.666
|
| $11.93 million | 2022 | Serial | 5% | 117.23
|
| $10.16 million | 2024 | Serial | 5% | 118.162
|
| $1,685,000 | 2025 | Serial | 5% | 118.308
|
| $19.35 million | 2026 | Serial | 5% | 117.718
|
| $23.28 million | 2027 | Serial | 5% | 117.312
|
© 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.
