By Sheri Kasprzak
New York, July 26 - Dallas and Fort Worth priced $151.84 million of series 2011C non-AMT joint revenue refunding bonds, according to a pricing sheet.
The bonds (A1/A+/A+) were sold through Cabrera Capital Markets LLC with Jefferies & Co. and Raymond James & Associates Inc.
The bonds are due 2011 to 2031 with a term bond due in 2035. The serial coupons range from 1% to 5%. The 2035 bonds have a split maturity with a 4.875% coupon priced at 98.247 and a 5% coupon priced at par.
Proceeds will be used to refund the airport's series 2000A and 2002B-C revenue bonds.
| Issuer: | Dallas and Fort Worth
|
| Issue: | Series 2011C non-AMT joint revenue refunding bonds
|
| Amount: | $151.84 million
|
| Type: | Negotiated
|
| Underwriters: | Cabrera Capital Markets LLC (lead), Jefferies & Co. and Raymond James & Associates Inc. (co-managers)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | July 21
|
| Settlement date: | Aug. 2
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.74 million | 2011 | Serial | 1% | 100.123
|
| $1.82 million | 2012 | Serial | 2% | 101.586
|
| $5 million | 2013 | Serial | 3% | 104.546
|
| $4.935 million | 2019 | Serial | 5% | 114.119
|
| $5.17 million | 2020 | Serial | 5% | 113.533
|
| $13.23 million | 2021 | Serial | 5% | 113.186
|
| $7.175 million | 2022 | Serial | 5% | 111.671
|
| $9.46 million | 2023 | Serial | 5% | 110.83
|
| $12.05 million | 2024 | Serial | 5% | 109.983
|
| $6.355 million | 2025 | Serial | 5% | 108.954
|
| $6.665 million | 2026 | Serial | 5% | 108.112
|
| $6.995 million | 2027 | Serial | 5% | 107.388
|
| $7.335 million | 2028 | Serial | 5% | 106.567
|
| $6.36 million | 2029 | Serial | 5% | 105.658
|
| $6.68 million | 2030 | Serial | 5% | 104.672
|
| $7.01 million | 2031 | Serial | 5% | 103.485
|
| $5 million | 2035 | Term | 4.875% | 98.247
|
| $41.785 million | 2035 | Term | 5% | 100
|
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