By Aaron Hochman-Zimmerman
New York, June 16 - Metropolitan Washington Airports Authority, D.C., sold $314.435 million series 2009C airport system revenue bonds (Aa3/AA-/AA), according to a market source.
The bonds carry maturities from 2010 to 2039 and yields that range from 1.13% to 5.37%.
Piper Jaffray & Co. acted as lead underwriter for the negotiated deal.
Co-managers were Barclays Capital Inc., Morgan Keegan & Co. Inc., Wachovia Bank, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC.
Proceeds are scheduled to refund the authority's flexible-term passenger facility charge revenue notes and to make deposits into a debt service reserve fund.
The Metropolitan Washington Airports Authority is located in Washington, D.C.
| Issuer: | Metropolitan Washington Airports Authority
|
| Issue: | Series 2009C airport system revenue bonds
|
| Amount: | $314.435 million
|
| Maturities: | 2010 to 2039
|
| Yield range: | 1.13% to 5.37%
|
| Underwriters: | Piper Jaffray & Co. (lead), Barclays Capital Inc., Morgan Keegan & Co. Inc., Wachovia Bank, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Loop Capital Markets LLC, Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Type: | Negotiated
|
| Pricing date: | June 16
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA
|
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