By Sheri Kasprzak
New York, March 6 - The City of Baton Rouge, La., sold $55.75 million of series 2012 taxable refunding bonds, according to a pricing sheet.
The bonds (Aa3/A+) were sold through Morgan Keegan & Co. Inc.
The bonds are due 2012 to 2026 with a term bond due in 2029. The serial coupons range from 0.42% to 4.191%, all priced at par. The 2029 bonds have a 4.57% coupon priced at par.
Proceeds will be used to advance refund the city's series 2002A-B refunding bonds.
| Issuer: | Baton Rouge, La.
|
| Issue: | Series 2012 taxable refunding bonds
|
| Amount: | $55.75 million
|
| Type: | Negotiated
|
| Underwriter: | Morgan Keegan & Co. Inc.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Pricing date: | March 6
|
| Settlement date: | April 4
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 0.42% | 100
|
| 2013 | Serial | 0.58% | 100
|
| 2014 | Serial | 0.828% | 100
|
| 2015 | Serial | 1.239% | 100
|
| 2016 | Serial | 1.489% | 100
|
| 2017 | Serial | 1.72% | 100
|
| 2018 | Serial | 2.12% | 100
|
| 2019 | Serial | 2.492% | 100
|
| 2020 | Serial | 2.792% | 100
|
| 2021 | Serial | 3.091% | 100
|
| 2022 | Serial | 3.291% | 100
|
| 2023 | Serial | 3.491% | 100
|
| 2024 | Serial | 3.691% | 100
|
| 2025 | Serial | 3.941% | 100
|
| 2026 | Serial | 4.191% | 100
|
| 2029 | Term | 4.57% | 100
|
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