By Sheri Kasprzak
New York, May 8 - The City of Houston sold $308.66 million of series 2014 AMT airport system refunding revenue bonds for United Airlines, according to a pricing sheet.
The bonds were sold through senior manager Citigroup Global Markets Inc.
The bonds are due 2020, 2024 and 2029. The 2020 bonds have a 4.5% coupon priced at 99.209 to yield 4.65%, and the 2024 bonds have a 4.75% coupon priced at 98.814 to yield 4.9%. The 2029 bonds have a 5% coupon priced at 98.435 to yield 5.15%.
Proceeds will be used to refund existing debt issued for improvements to United Airlines terminals at the Houston George Bush Intercontinental Airport.
| Issuer: | City of Houston
|
| Issue: | Series 2014 AMT refunding revenue bonds for United Airlines
|
| Amount: | $308.66 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Pricing date: | May 8
|
| Settlement date: | June 2
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $34.18 million | 2020 | Term | 4.5% | 99.209 | 4.65%
|
| $104,515,000 | 2024 | Term | 4.75% | 98.814 | 4.90%
|
| $169,965,000 | 2029 | Term | 5% | 98.435 | 5.15%
|
© 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.
