Published on 2/6/2015 in the Prospect News Municipals Daily.
New Issue: Foothill/Eastern Transportation, Calif., sells $87 million road bonds
By Sheri Kasprzak
New York, Feb. 6 – The Foothill/Eastern Transportation Corridor Agency of California sold $87,007,699 of series 2015A capital appreciation senior lien toll road refunding revenue bonds, according to a pricing sheet.
The bonds (Ba1/BBB-/BBB-) were sold through Goldman Sachs & Co. and Barclays.
The bonds are due 2033 to 2035 with 0% coupons and yields from 4.21% to 4.42%.
Proceeds will be used to refund the agency’s series 1995 revenue bonds.
| Issuer: | Foothill/Eastern Transportation Corridor Agency
|
| Issue: | Series 2015A capital appreciation senior lien toll road refunding revenue bonds
|
| Amount: | $87,007,699
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. and Barclays
|
| Ratings: | Moody’s: Ba1
|
| Standard & Poor’s: BBB-
|
| Fitch: BBB-
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $26,718,664 | 2033 | Serial | 0% | 45.712 | 4.42%
|
| $29,445,677 | 2034 | Serial | 0% | 45.49 | 4.21%
|
| $30,843,358 | 2035 | Serial | 0% | 43.295 | 4.25%
|
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