By Sheri Kasprzak
New York, March 28 - The City of Oklahoma City released additional information on its $50 million sale of series 2012 general obligation bonds.
The bonds (Aaa/AAA/) were sold competitively with Citigroup Global Markets Inc. winning the bid, said Craig Freeman, the city's finance director in an interview Wednesday. The true interest cost came in at 3.005274%.
The bonds are due 2015 to 2032 with 4% to 5% coupons.
Proceeds will be used to finance the construction, reconstruction, improvement, widening and repair of certain city streets; construction, improvement and repair of city bridges; construction and installation of traffic control improvements; improvement of parks, playgrounds, community centers, swimming pools, piers, public docks, gymnasiums and other parks and recreation facilities; and the construction of fire stations, fire training facilities and other fire department facilities, as well as new police facilities.
| Issuer: | City of Oklahoma City
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $50 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 3.005274%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | March 27
|
| Settlement date: | May 16
|
|
|
| Amount | Maturity | Type | Coupon | Price/Yield
|
| $2.78 million | 2015 | Serial | 5% | 112.073
|
| $2.78 million | 2016 | Serial | 5% | 115.127
|
| $2.78 million | 2017 | Serial | 4% | 113.398
|
| $2.78 million | 2018 | Serial | 4% | 114.174
|
| $2.78 million | 2019 | Serial | 5% | 121.294
|
| $2.78 million | 2020 | Serial | 5% | 122.35
|
| $2.78 million | 2021 | Serial | 5% | 123.076
|
| $2.78 million | 2022 | Serial | 4% | 114.92
|
| $2.78 million | 2023 | Serial | 4% | 2.55%
|
| $2.78 million | 2024 | Serial | 4% | 2.71%
|
| $2.78 million | 2025 | Serial | 4% | 2.90%
|
| $2.78 million | 2026 | Serial | 4% | 3.06%
|
| $2.78 million | 2027 | Serial | 5% | 2.82%
|
| $2.78 million | 2028 | Serial | 5% | 2.90%
|
| $2.78 million | 2029 | Serial | 5% | 2.97%
|
| $2.78 million | 2030 | Serial | 5% | 3.04%
|
| $2.78 million | 2031 | Serial | 5% | 3.10%
|
| $2.74 million | 2032 | Serial | 5% | 3.16%
|
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