By Sheri Kasprzak
New York, May 21 - The Columbus-Franklin County Finance Authority of Ohio priced $157.94 million in series 2010A taxable research development revenue bonds on Friday, according to a pricing sheet.
The bonds (/AA-/) were sold through RBC Capital Markets Corp.
The bonds are due 2015 to 2021 with a term bond due 2027. Coupons range from 3.45% to 5.2%. The 2027 bonds have a 6.625% coupon, priced at 97.8.
Proceeds will be used to refinance debt.
The authority, located in Columbus, Ohio, manages the finances of the city and the county.
| Issuer: | Columbus-Franklin County Finance Authority
|
| Issue: | Series 2010A taxable research development revenue bonds
|
| Amount: | $157.94 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets Corp. (lead)
|
| Rating: | Standard & Poor's: AA-
|
| Pricing date: | May 20
|
| Settlement date: | May 27
|
|
|
| Maturity | Type | Coupon | Price
|
| 2015 | Serial | 3.45% | 99.042
|
| 2015 | Serial | 3.6% | 98.954
|
| 2017 | Serial | 4.1% | 98.792
|
| 2017 | Serial | 4.2% | 98.72
|
| 2018 | Serial | 4.6% | 98.906
|
| 2018 | Serial | 4.7% | 98.853
|
| 2019 | Serial | 4.9% | 99.153
|
| 2019 | Serial | 5% | 99.336
|
| 2020 | Serial | 5.12% | 100
|
| 2020 | Serial | 5.15% | 100
|
| 2021 | Serial | 5.2% | 99.424
|
| 2027 | Term | 6.625% | 97.8
|
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