By Sheri Kasprzak
New York, April 16 - The City of Albuquerque sold on Monday $78,865,000 of series 2012 general obligation bonds, according to a pricing sheet.
The offering included $70,765,000 of series 2012A general purpose bonds and $8.1 million of series 2012B storm sewer bonds.
The 2012A bonds are due 2013 to 2024 with 2% to 5% coupons. The 2012B bonds are due 2024 to 2025 with 3% to 4% coupons.
The bonds were sold competitively with Bank of America Merrill Lynch winning the bid.
Proceeds will be used to finance public safety projects, citizens' centers, libraries, public transportation projects, cultural facilities, the city's zoo and biological park, storm sewers and streets.
| Issuer: | City of Albuquerque
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $78,865,000
|
| Type: | Competitive
|
| Underwriter: | Bank of America Merrill Lynch (winner)
|
| Pricing date: | April 16
|
| Settlement date: | May 22
|
|
|
| $70,765,000 series 2012A general purpose bonds
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 101.991
|
| 2014 | Serial | 4% | 107.352
|
| 2015 | Serial | 4% | 110.454
|
| 2016 | Serial | 5% | 116.896
|
| 2017 | Serial | 5% | 119.925
|
| 2018 | Serial | 4% | 116.123
|
| 2019 | Serial | 5% | 123.437
|
| 2020 | Serial | 5% | 124.552
|
| 2021 | Serial | 5% | 122.601
|
| 2022 | Serial | 3.5% | 107.906
|
| 2023 | Serial | 4% | 110.404
|
| 2024 | Serial | 4% | 109.331
|
|
|
| $8.1 million series 2012B storm sewer bonds
|
| Maturity | Type | Coupon | Price
|
| 2024 | Serial | 4% | 109.331
|
| 2025 | Serial | 3% | 98.927
|
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