By Sheri Kasprzak
New York, Dec. 16 - The Wayne County Airport Authority of Michigan sold $275 million of series 2010E-F airport revenue refunding bonds on Wednesday, according to an official statement.
The sale included $75.36 million of series 2010E-1 AMT bonds, $75 million of series 2010E-2 AMT bonds and $124.64 million of series 2010F non-AMT private activity bonds.
The bonds (Aa1/VMIG1/AAA/A-1+/AA-/F1+) were sold through Citigroup Global Markets Inc.
The 2010E-1 bonds are due Dec. 1, 2028, and the 2010E-2 bonds are due Dec. 1, 2028. The 2010F bonds are due Dec. 1, 2033. All of the bonds bear interest at the weekly rate.
Proceeds will be used to refund several series of existing bonds, according to the official statement.
| Issuer: | Wayne County Airport Authority
|
| Issue: | Series 2010E-F airport revenue refunding bonds
|
| Amount: | $275 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: Aa1/VMIG1
|
| Standard & Poor's: AAA/A-1+
|
| Fitch: AA-/F1+
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 16
|
|
|
| $75.36 million series 2010E-1
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2028 | Term | Weekly | 100
|
|
|
| $75 million series 2010E-2
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2028 | Term | Weekly | 100
|
|
|
| $124.64 million series 2010F
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2033 | Term | Weekly | 100
|
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