By Sheri Kasprzak
New York, Feb. 14 - The Maryland Transportation Authority priced $60.47 million of series 2012 tax-exempt transportation facilities projects revenue refunding bonds, said a pricing sheet.
The bonds (Aa3/AA-/AA-) are due 2013 to 2029 with 2% to 5% coupons.
The bonds were sold competitively, but the issuer did not return calls for the winning bidder by press time Tuesday.
Proceeds will be used to advance refund certain maturities of the authority's series 2004 revenue bonds.
| Issuer: | Maryland Transportation Authority
|
| Issue: | Series 2012 tax-exempt transportation facilities projects revenue refunding bonds
|
| Amount: | $60.47 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 28
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 102.342
|
| 2014 | Serial | 2% | 103.725
|
| 2015 | Serial | 2% | 104.794
|
| 2016 | Serial | 3% | 109.818
|
| 2017 | Serial | 4% | 116.414
|
| 2018 | Serial | 5% | 123.41
|
| 2019 | Serial | 4% | 118.002
|
| 2020 | Serial | 5% | 125.915
|
| 2021 | Serial | 5% | 126.711
|
| 2022 | Serial | 5% | 127.576
|
| 2023 | Serial | 4.5% | 122.829
|
| 2024 | Serial | 4% | 114.278
|
| 2025 | Serial | 5% | 125.559
|
| 2026 | Serial | 4% | 113.299
|
| 2027 | Serial | 4% | 112.331
|
| 2028 | Serial | 3% | 99.357
|
| 2029 | Serial | 3% | 98.663
|
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