New Issue: Fort Worth, Texas, brings $85.79 million of certificates of obligation

By Sheri Kasprzak

New York, Aug. 15 - The City of Fort Worth, Texas, priced $85.79 million of series 2012 combination tax and revenue certificates of obligation, according to a term sheet.

The bonds (Aa1//AA+) were sold competitively.

The bonds are due 2013 to 2032 with 3% to 5% coupons.

Proceeds will be used to finance city capital projects.

Issuer:	City of Fort Worth, Texas
Issue:	Series 2012 combination tax and revenue certificates of obligation
Amount:	$85.79 million
Type:	Competitive
Ratings:	Moody's: Aa1
	Fitch: AA+
Pricing date:	Aug. 15
Settlement date:	Sept. 12
Amount	Maturity	Type	Coupon	Price
$4.47 million	2013	Serial	5%	102.231
$4.48 million	2014	Serial	5%	106.686
$4,475,000	2015	Serial	5%	110.899
$4,475,000	2016	Serial	4%	111.364
$4.48 million	2017	Serial	4%	114.021
$4,475,000	2018	Serial	4%	115.64
$4.47 million	2019	Serial	5%	122.538
$4,475,000	2020	Serial	5%	123.45
$4,475,000	2021	Serial	5%	124.588
$4.47 million	2022	Serial	5%	125.762
$4,105,000	2023	Serial	5%	123.816
$4,105,000	2024	Serial	5%	122.856
$4,105,000	2025	Serial	4%	112.129
$4,105,000	2026	Serial	4%	111.239
$8.21 million	2028	Serial	3%	100
$4,105,000	2029	Serial	3%	99.355
$4,105,000	2030	Serial	3%	98.658
$4,105,000	2031	Serial	3%	98.048
$4.1 million	2032	Serial	3.1%	98.558

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