By Sheri Kasprzak
New York, July 29 - The City of Tampa, Fla., priced $90.74 million in series 2010 solid waste system refunding revenue bonds on Thursday, according to a pricing sheet. The deal was upsized from $56.1 million.
The bonds (A3//A) were sold through RBC Capital Markets Corp. The co-managers were Morgan Stanley & Co. Inc. and Fifth Third Securities Inc.
The bonds are due 2011 to 2019 with coupons from 3% to 5%.
Proceeds will be used to refund the city's series 1999 solid waste revenue bonds.
Issuer: | City of Tampa
|
Issue: | Series 2010 solid waste system refunding revenue bonds
|
Amount: | $90.74 million
|
Type: | Negotiated
|
Underwriters: | RBC Capital Markets Corp. (lead); Morgan Stanley & Co. Inc. and Fifth Third Securities Inc. (co-managers)
|
Ratings: | Moody's: A3
|
| Fitch: A
|
Pricing date: | July 29
|
Settlement date: | Aug. 25
|
|
Maturity | Type | Coupon | Price
|
2011 | Serial | 3% | 100.972
|
2012 | Serial | 4% | 103.484
|
2013 | Serial | 4% | 104.324
|
2014 | Serial | 4% | 104.773
|
2015 | Serial | 5% | 108.356
|
2016 | Serial | 5% | 107.546
|
2017 | Serial | 5% | 106.633
|
2018 | Serial | 5% | 105.863
|
2019 | Serial | 5% | 104.99
|
© 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.