Published on 10/17/2012 in the Prospect News Municipals Daily.
New Issue: Maryland Economic Development sells $199.56 million of Maryland Aviation bonds
By Sheri Kasprzak
New York, Oct. 17 - The Maryland Economic Development Corp. sold $199,555,000 of series 2012 taxable lease revenue refunding bonds for the Maryland Aviation Administration Facilities, said a pricing sheet.
The bonds (Aa1/AA+/) were sold competitively.
The securities are due 2013 to 2030 with 0.30% to 3.81% coupons.
Proceeds will be used to refund the corporation's series 2003 lease revenue bonds issued for the Maryland Aviation Administration Facilities.
Issuer: | Maryland Economic Development Corp./Maryland Aviation Administration Facilities
|
Issue: | Series 2012 taxable lease revenue refunding bonds
|
Amount: | $199,555,000
|
Type: | Competitive
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
Pricing date: | Oct. 17
|
Settlement date: | Oct. 31
|
|
Amount | Maturity | Type | Coupon | Price
|
$11.98 million | 2013 | Serial | 0.30% | 100
|
$10.05 million | 2014 | Serial | 0.60% | 100.047
|
$10,105,000 | 2015 | Serial | 0.75% | 100.05
|
$10,185,000 | 2016 | Serial | 1.25% | 100.244
|
$10.32 million | 2017 | Serial | 1.45% | 100.309
|
$10.46 million | 2018 | Serial | 1.80% | 100.317
|
$10,645,000 | 2019 | Serial | 2.05% | 100.367
|
$10,865,000 | 2020 | Serial | 2.25% | 100.416
|
$10.07 million | 2021 | Serial | 2.5% | 100.538
|
$10.32 million | 2022 | Serial | 2.8% | 100.585
|
$10.61 million | 2023 | Serial | 2.88% | 100
|
$10,915,000 | 2024 | Serial | 2.9% | 98.736
|
$11,235,000 | 2025 | Serial | 3.05% | 98.658
|
$11,575,000 | 2026 | Serial | 3.15% | 98.582
|
$11.94 million | 2027 | Serial | 3.25% | 98.511
|
$12,325,000 | 2028 | Serial | 3.35% | 98.444
|
$12.74 million | 2029 | Serial | 3.76% | 100
|
$13,215,000 | 2030 | Serial | 3.81% | 100
|
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