By Sheri Kasprzak
New York, Nov. 2 - The City of Houston priced $47.125 million of series 2011F combined utility system revenue refunding bonds on Wednesday, downsized from $50 million, according to a pricing sheet.
The bonds (/AA/AA) were sold through Estrada Hinojosa & Co. Inc. with Loop Capital Markets LLC as the co-manager.
The bonds are due 2028 to 2033 with 4% to 5% coupons.
Proceeds will be used to refund the city's series 2008D-3 combined utility system revenue refunding bonds.
Issuer: | City of Houston
|
Issue: | Series 2011F combined utility system revenue refunding bonds
|
Amount: | $47.125 million
|
Type: | Negotiated
|
Underwriters: | Estrada Hinojosa & Co. Inc. (lead), Loop Capital Markets LLC (co-manager)
|
Ratings: | Standard & Poor's: AA
|
| Fitch: AA
|
Pricing date: | Nov. 2
|
Settlement date: | Dec. 1
|
|
Amount | Maturity | Type | Coupon | Price
|
$5.855 million | 2028 | Serial | 5% | 110.304
|
$7.4 million | 2029 | Serial | 4% | 97.74
|
$8.02 million | 2030 | Serial | 5% | 108.486
|
$8.42 million | 2031 | Serial | 5% | 107.888
|
$8.425 million | 2032 | Serial | 5% | 107.294
|
$9.005 million | 2033 | Serial | 5% | 106.872
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.