By Aaron Hochman-Zimmerman
New York, Aug. 13 - Bexar County, Texas, sold $154.31 million series 2009A-B combination flood control tax and revenue certificates of obligation (Aa1/AA+/AA+), according to John Yu, Loop Capital Markets LLC underwriter.
The $103.69 million series 2009A bonds priced at a 4.79% true interest cost with serial maturities from 2016 to 2030 and term bonds due 2033 and 2035.
The $50.62 million series 2009B Build America Bonds priced at a 4.35% true interest cost. The bonds mature in 2039.
Loop Capital Markets LLC acted as underwriter for the negotiated deal.
Proceeds will be used to fund a countywide flood control project.
| Issuer: | Bexar County, Texas
|
| Issue: | Series 2009A-B combination flood control tax and revenue certificates of obligation
|
| Total amount: | $154.31 million
|
| Underwriter: | Loop Capital Markets LLC
|
| Type: | Negotiated
|
| Pricing date: | Aug. 13
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
|
|
| Series 2009A bonds
|
| Amount: | $103.69 million
|
| Maturities: | Serial maturities 2016 to 2030, term bonds due 2033, 2035
|
| True interest cost: | 4.79%
|
|
|
| Series 2009B Build America Bonds
|
| Amount: | $50.62 million
|
| Maturity: | 2039
|
| True interest cost: | 4.35%
|
© 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.
