Published on 3/24/2015 in the Prospect News Municipals Daily.
New Issue: Fulton County Development, Ga., prices $52.07 million of Spelman bonds
By Sheri Kasprzak
New York, March 24 – The Fulton County Development Authority of Georgia sold $52,065,000 of series 2015 revenue refunding bonds for Spelman College, said a pricing sheet. The deal was upsized from $51,895,000.
The bonds (A1) are due 2021 to 2032 with 3.25% to 5% coupons.
The bonds were sold through Citigroup Global Markets Inc.
Proceeds will be used to refund the authority’s series 2007 revenue bonds.
| Issuer: | Fulton County Development Authority/Spelman College
|
| Issue: | Series 2015 revenue refunding bonds
|
| Amount: | $52,065,000
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Rating: | Moody’s: A1
|
| Pricing date: | March 24
|
| Settlement date: | April 21
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $800,000 | 2021 | Serial | 5% | 118.184
|
| $825,000 | 2022 | Serial | 5% | 119.061
|
| $4.02 million | 2023 | Serial | 5% | 120.2
|
| $4.22 million | 2024 | Serial | 5% | 120.889
|
| $4.43 million | 2025 | Serial | 5% | 121.216
|
| $4.65 million | 2026 | Serial | 5% | 119.74
|
| $4,885,000 | 2027 | Serial | 5% | 118.672
|
| $5.13 million | 2028 | Serial | 5% | 117.519
|
| $5,385,000 | 2029 | Serial | 5% | 116.853
|
| $5,655,000 | 2030 | Serial | 5% | 116.191
|
| $5.94 million | 2031 | Serial | 3.25% | 97.179
|
| $6,125,000 | 2032 | Serial | 5% | 115.254
|
|
|
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