By Sheri Kasprzak
New York, Sept. 17 - The Development Authority of DeKalb County, Ga., sold $125.2 million in series 2009 refunding revenue bonds on Wednesday, according to a pricing sheet.
The deal included series 2009A bonds and series 2009B bonds.
The 2009A bonds are due 2016 with split maturities. One of the 2016 bonds has a 3.5% coupon, priced at 100.287, and the other has a 4% coupon, priced at 103.166.
The 2009B bonds are due 2016 and 2024, also with split maturities. One of the 2016 bonds has a 4% coupon, priced at 103.166, and the other has a 5% coupon, priced at 108.925. One of the 2024 bonds has a 4.5% coupon, priced 99.473. The other 2024 bond has a 5.25% coupon, but was not reoffered.
The bonds (A2) were sold on a negotiated basis with Merrill Lynch & Co. Inc. and Wells Fargo Securities Inc. as the lead managers.
Proceeds will be used to construct the Robert W. Woodruff Arts Center in Atlanta.
The county seat of DeKalb County is Decatur, Ga.
| Issuer: | Development Authority of DeKalb County, Ga.
|
| Issue: | Series 2009 refunding revenue bonds
|
| Amount: | $125.2 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. Inc. and Wells Fargo Securities Inc.
|
| Ratings: | Moody's: A2
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 24
|
|
|
| Series 2009A
|
| Maturity | Type | Coupon | Price
|
| 2016 | Serial | 3.5% | 100.287
|
| 2016 | Serial | 4% | 103.166
|
|
|
| Series 2009B
|
| Maturity | Type | Coupon | Price
|
| 2016 | Serial | 4% | 103.166
|
| 2016 | Serial | 5% | 108.925
|
| 2024 | Serial | 4.5% | 99.473
|
| 2024 | Serial | 5.25% | NRO
|
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