Published on 4/18/2012 in the Prospect News Municipals Daily.
New Issue: Los Angeles brings $157.06 million of wastewater system refunding bonds
By Sheri Kasprzak
New York, April 18 - The City of Los Angeles sold $157,055,000 of series 2012A wastewater system subordinate revenue refunding bonds, said a term sheet.
The bonds were sold through senior manager Barclays Capital Inc. and Stone & Youngberg.
The bonds are due 2012 to 2024 with 1% to 5% coupons.
Proceeds will be used to current refund existing wastewater system subordinate revenue bonds.
| Issuer: | City of Los Angeles
|
| Issue: | Series 2012A wastewater system subordinate revenue refunding bonds
|
| Amount: | $157,055,000
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. and Stone & Youngberg (lead)
|
| Pricing date: | April 18
|
| Settlement date: | April 26
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.63 million | 2012 | Serial | 1% | 100.058
|
| $780,000 | 2013 | Serial | 3% | 102.899
|
| $795,000 | 2014 | Serial | 3% | 105.208
|
| $805,000 | 2015 | Serial | 3% | 107.034
|
| $6.65 million | 2016 | Serial | 4% | 112.398
|
| $2.5 million | 2017 | Serial | 3% | 108.925
|
| $20.57 million | 2017 | Serial | 5% | 118.787
|
| $5 million | 2018 | Serial | 4% | 115.08
|
| $18.93 million | 2018 | Serial | 5% | 120.902
|
| $35,595,000 | 2019 | Serial | 5% | 122.048
|
| $10 million | 2020 | Serial | 4% | 115.123
|
| $28,915,000 | 2020 | Serial | 5% | 122.573
|
| $6,535,000 | 2021 | Serial | 4.125% | 115.79
|
| $6.74 million | 2022 | Serial | 4.25% | 116.792
|
| $5,205,000 | 2023 | Serial | 5% | 123.33
|
| $6,405,000 | 2024 | Serial | 5% | 123.599
|
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