Published on 4/11/2012 in the Prospect News Municipals Daily.
New Issue: Beverly Hills Public Financing prices $58.14 million lease revenue refunding bonds
By Sheri Kasprzak
New York, April 11 - The Beverly Hills Public Financing Authority priced $58.14 million of series 2012A lease revenue refunding bonds, said a pricing sheet.
The bonds were sold through De La Rosa & Co. Inc.
The bonds are due 2012 to 2028 with term bonds due in 2032 and 2037. The serial coupons range from 2% to 5%. The 2032 bonds have a 3.625% coupon and priced at 97.004, and the 2037 bonds have a 4% coupon and priced at 98.592.
Proceeds will be used to refund the authority's series 2007 bonds, which were issued to finance capital improvements and replace city vehicles.
| Issuer: | Beverly Hills Public Financing Authority
|
| Issue: | Series 2012A lease revenue refunding bonds
|
| Amount: | $58.14 million
|
| Type: | Negotiated
|
| Underwriters: | De La Rosa & Co. Inc. (lead)
|
| Pricing date: | April 5
|
| Settlement date: | April 24
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,405,000 | 2012 | Serial | 2% | 100.167
|
| $90,000 | 2014 | Serial | 4% | 107.246
|
| $125,000 | 2015 | Serial | 4% | 110.045
|
| $690,000 | 2016 | Serial | 4% | 112.243
|
| $705,000 | 2017 | Serial | 4% | 113.871
|
| $735,000 | 2018 | Serial | 4% | 114.4
|
| $750,000 | 2019 | Serial | 4% | 114.677
|
| $775,000 | 2020 | Serial | 4% | 114.648
|
| $3,905,000 | 2021 | Serial | 4% | 114.241
|
| $4,625,000 | 2022 | Serial | 4% | 113.221
|
| $4,815,000 | 2023 | Serial | 4.5% | 115.629
|
| $5,025,000 | 2024 | Serial | 5% | 118.369
|
| $5.28 million | 2025 | Serial | 5% | 117.221
|
| $5.55 million | 2026 | Serial | 5% | 116.274
|
| $5.82 million | 2027 | Serial | 5% | 115.524
|
| $6,115,000 | 2028 | Serial | 5% | 114.779
|
| $4,725,000 | 2032 | Term | 3.625% | 97.004
|
| $7,005,000 | 2037 | Term | 4% | 98.592
|
© 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.
