By Cristal Cody
Tupelo, Miss., April 3 - The City of Tacoma, Wash., sold a downsized $63,335,000 of series 2013 regional water supply system revenue refunding bonds on Wednesday, according to a market source.
The bonds (Aa2/AA/) priced with 4% to 5% coupons to yield 0.25% to 3.35% over the maturities from 2013 through 2032.
Goldman Sachs & Co. was the winding bidder with a 3.156% true interest cost.
The offering was reduced from an initial size estimate of $68,325,000.
A. Dashen & Associates was the financial adviser.
Proceeds will be used to refund the city's series 2002 revenue bonds.
| Issuer: | City of Tacoma, Wash.
|
| Issue: | Series 2013 regional water supply system revenue refunding bonds
|
| Amount: | $63,335,000
|
| Maturities: | 2013-2032
|
| True interest cost: | 3.156%
|
| Coupons: | 4%-5%
|
| Yields: | 0.25%-3.35%
|
| Type: | Competitive
|
| Underwriter: | Goldman Sachs & Co.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | April 3
|
| Settlement date: | April 16
|
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