By Sheri Kasprzak
New York, June 9 - The City of Jacksonville, Fla., priced $87.975 million of series 2011B special revenue bonds, said a pricing sheet.
The bonds (Aa2/AA-/AA) were sold competitively with Raymond James & Associates Inc. as the winning bidder. The true interest cost came in at 2.943%.
The bonds are due 2013 to 2021 with 3% to 5% coupons.
Proceeds will be used to finance capital projects under the Better Jacksonville program.
| Issuer: | City of Jacksonville
|
| Issue: | Series 2011B special revenue bonds
|
| Amount: | $87.975 million
|
| Type: | Competitive
|
| Underwriter: | Raymond James & Associates Inc. (winner)
|
| TIC: | 2.943%
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA
|
| Pricing date: | June 9
|
| Settlement date: | June 17
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 3% | 104.05
|
| 2014 | Serial | 4% | 107.991
|
| 2015 | Serial | 5% | 113.148
|
| 2016 | Serial | 5% | 114.874
|
| 2017 | Serial | 5% | 114.775
|
| 2018 | Serial | 5% | 114.694
|
| 2019 | Serial | 5% | 114.182
|
| 2020 | Serial | 5% | 113.929
|
| 2021 | Serial | 5% | 113.788
|
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