By Sheri Kasprzak
New York, April 8 - The City of Albuquerque, N.M., sold $75.02 million of series 2013 general obligation bonds, according to a pricing sheet.
The deal included $70.04 million of series 2013A G.O. general purpose bonds and $4.98 million of series 2013B sewer bonds.
The 2013A bonds are due 2014 to 2026 with 2.5% to 4% coupons.
The 2013B bonds are due July 1, 2026, and have a 3% coupon priced at 101.445.
The bonds (Aa1/AAA/AA+) were sold competitively.
Proceeds will be used to finance capital improvements.
| Issuer: | City of Albuquerque, N.M.
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $75.02 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
| Fitch: AA+
|
| Pricing date: | April 1
|
| Settlement date: | May 8
|
|
|
| $70.04 million series 2013A G.O. general purpose bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.5 million | 2014 | Serial | 4% | 104.257
|
| $6,035,000 | 2015 | Serial | 4% | 107.688
|
| $6.04 million | 2016 | Serial | 4% | 110.55
|
| $6.04 million | 2017 | Serial | 4% | 113.289
|
| $6.04 million | 2018 | Serial | 4% | 115.013
|
| $6.04 million | 2019 | Serial | 4% | 116.028
|
| $6.04 million | 2020 | Serial | 4% | 116.882
|
| $6.04 million | 2021 | Serial | 4% | 117.262
|
| $6.04 million | 2022 | Serial | 3% | 107.482
|
| $6.05 million | 2023 | Serial | 2.5% | 101.85
|
| $6.05 million | 2024 | Serial | 3% | 105.171
|
| $6.05 million | 2025 | Serial | 3% | 103.289
|
| $1,075,000 | 2026 | Serial | 3% | 101.445
|
|
|
| $4.98 million series 2013B sewer bonds
|
| Maturity | Type | Coupon | Price
|
| July 1, 2026 | Term | 3% | 101.445
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
