Published on 12/11/2012 in the Prospect News Municipals Daily.
New Issue: Iowa Finance brings $1.19 billion of revenue bonds for Iowa Fertilizer
By Sheri Kasprzak
New York, Dec. 11 - The Iowa Finance Authority priced $1,194,000,000 of series 2012 Midwestern disaster area revenue bonds for the Iowa Fertilizer Co., according to a pricing sheet.
The bonds (/A-1+/) were sold through Citigroup Global Markets Inc.
The 38-year bonds bear interest initially at 0.18% until the mandatory tender termination date of April 12, 2013.
Proceeds will be used to finance the construction of a nitrogen fertilizer plant in Lee County, Iowa.
| Issuer: | Iowa Finance Authority/Iowa Fertilizer Co.
|
| Issue: | Series 2012 Midwestern disaster area revenue bonds
|
| Amount: | $1,194,000,000
|
| Maturity: | Dec. 1, 2050
|
| Coupon: | 0.18% through April 12, 2013
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc. (lead)
|
| Rating: | Standard & Poor's: A-1+
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 19
|
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