By Sheri Kasprzak
New York, Nov. 16 – The District of Columbia sold $95,575,000 of series 2015A income tax secured revenue refunding Sifma rate bonds, according to an official statement.
The bonds (Aa1/AAA/AA+) were sold through Morgan Stanley & Co. LLC.
The bonds are due Dec. 1, 2016 and bear interest at the Sifma rate plus 12 basis points.
Proceeds will be used to refund the city’s series 2011B and 2011E revenue bonds.
| Issuer: | District of Columbia
|
| Issue: | Series 2015A income tax secured revenue refunding Sifma rate bonds
|
| Amount: | $95,575,000
|
| Maturity: | Dec. 1, 2016
|
| Coupon: | Sifma rate plus 12 bps
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AAA
|
| Fitch: AA+
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 19
|
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