By Sheri Kasprzak
New York, July 26 - The City of Los Angeles brought to market $376.66 million of series 2011 general obligation refunding bonds, said a pricing sheet.
The offering included $117 million of series 2011A bonds and $259.66 million of series 2011B bonds.
The bonds (Aa3/AA-/AA-) were sold competitively.
The 2011A bonds are due 2012 to 2031 with 1.5% to 5% coupons. The 2011B bonds are due 2012 to 2023 with 2% to 5% coupons.
Proceeds will be used to refund existing debt.
| Issuer: | City of Los Angeles
|
| Issue: | Series 2011 general obligation refunding bonds
|
| Amount: | $376.66 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | July 21
|
| Settlement date: | July 28
|
|
|
| $117 million series 2011A
|
| Amount | Maturity | Type | Coupon | Price
|
| $5.85 million | 2012 | Serial | 1.5% | 101.383
|
| $5.85 million | 2013 | Serial | 2.5% | 104.262
|
| $5.85 million | 2014 | Serial | 2.5% | 105.337
|
| $5.85 million | 2015 | Serial | 3% | 107.998
|
| $5.85 million | 2016 | Serial | 4% | 113.048
|
| $5.85 million | 2017 | Serial | 4% | 113.069
|
| $5.85 million | 2018 | Serial | 4% | 112.737
|
| $5.85 million | 2019 | Serial | 4% | 110.925
|
| $5.85 million | 2020 | Serial | 4.5% | 113.645
|
| $5.85 million | 2021 | Serial | 5% | 117.777
|
| $5.85 million | 2022 | Serial | 5% | 115.79
|
| $5.85 million | 2023 | Serial | 5% | 114.119
|
| $5.85 million | 2024 | Serial | 5% | 112.657
|
| $5.85 million | 2025 | Serial | 5% | 111.486
|
| $5.85 million | 2026 | Serial | 5% | 110.241
|
| $5.85 million | 2027 | Serial | 5% | 109.45
|
| $5.85 million | 2028 | Serial | 5% | 108.665
|
| $5.85 million | 2029 | Serial | 5% | 107.888
|
| $5.85 million | 2030 | Serial | 5% | 107.116
|
| $5.85 million | 2031 | Serial | 5% | 106.267
|
|
|
| $259.66 million series 2011B
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.765 million | 2012 | Serial | 2% | 101.928
|
| $3.645 million | 2013 | Serial | 3% | 105.345
|
| $15.09 million | 2014 | Serial | 4% | 109.977
|
| $22.82 million | 2015 | Serial | 5% | 115.865
|
| $22.835 million | 2016 | Serial | 5% | 117.9
|
| $32.9 million | 2017 | Serial | 5% | 118.7
|
| $32.805 million | 2018 | Serial | 5% | 118.506
|
| $32.705 million | 2019 | Serial | 5% | 117.808
|
| $32.59 million | 2020 | Serial | 5% | 117.636
|
| $32.48 million | 2021 | Serial | 5% | 117.682
|
| $20.07 million | 2022 | Serial | 5% | 118.738
|
| $8.955 million | 2023 | Serial | 5% | 114.395
|
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