By Sheri Kasprzak
New York, Aug. 21 - The Hanley Road Corridor Transportation Development District in Missouri priced $51.515 million in series 2009 transportation sales tax revenue bonds, according to a pricing term sheet. The bonds priced Thursday.
The bonds (/A/) were sold through Stifel, Nicolaus & Co. Inc.
The bonds are due 2011 to 2018 with term bonds due 2029, 2036 and 2039. The serials have coupons from 3% to 4.25%. The 2029 bonds have a 5.25% coupon, priced at 99.004, and the 2036 bonds have a 5.875% coupon, priced at 98.003. The 2039 bonds have a 7.5% coupon, priced at 98.2.
Proceeds will be used to fund improvements to the Hanley Road corridor in St. Louis.
| Issuer: | Hanley Road Corridor Transportation Development District, Mo.
|
| Issue: | Series 2009 transportation sales tax revenue bonds
|
| Amount: | $51.515 million
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co. Inc.
|
| Rating: | Standard & Poor's: A
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 31
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 102.030
|
| 2012 | Serial | 3% | 101.474
|
| 2013 | Serial | 3% | 100.000
|
| 2014 | Serial | 3.25% | 99.534
|
| 2015 | Serial | 3.5% | 99.456
|
| 2016 | Serial | 3.8% | 99.384
|
| 2017 | Serial | 4% | 98.638
|
| 2018 | Serial | 4.25% | 98.884
|
| 2029 | Term | 5.25% | 99.004
|
| 2036 | Term | 5.875% | 98.003
|
| 2039 | Term | 7.5% | 98.200
|
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