By Sheri Kasprzak
New York, June 16 - Lee County in Florida sold on Wednesday $93.98 million of series 2010A airport revenue refunding bonds, said a pricing sheet.
The bonds (A2/A-/A) were sold through lead managers Citigroup Global Markets Inc. and Raymond James & Associates Inc.
The bonds are due 2011 to 2022 with coupons from 3% to 5.5%. The full pricing details were not immediately available.
Proceeds will be used to refund the county's series 2000A airport revenue bonds.
| Issuer: | Lee County, Fla.
|
| Issue: | Series 2010A airport revenue refunding bonds
|
| Amount: | $93.98 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Raymond James & Associates Inc. (lead)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: A
|
| Pricing date: | June 16
|
| Settlement date: | July 8
|
|
|
| Maturity | Type | Coupon
|
| 2011 | Serial | 3%
|
| 2012 | Serial | 3%
|
| 2012 | Serial | 5%
|
| 2013 | Serial | 4%
|
| 2013 | Serial | 5%
|
| 2014 | Serial | 4%
|
| 2014 | Serial | 5%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 4.25%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 5.5%
|
| 2019 | Serial | 5.5%
|
| 2020 | Serial | 4.75%
|
| 2020 | Serial | 5%
|
| 2021 | Serial | 5%
|
| 2022 | Serial | 5%
|
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