By Cristal Cody
Prospect News, April 11 - The Maryland Transportation Authority priced $50,905,000 of series 2012A passenger facility charge revenue bonds (A2/A/A) for the Baltimore/Washington International Thurgood Marshall Airport on Wednesday, an informed bond source said.
The bonds priced with a true interest cost of 3.73%.
Citigroup Global Markets Inc. was the winning bidder of the competitive sale.
The bonds priced with 4% to 5% coupons to yield 0.74% to 4.3%. The bonds have serial maturities from 2013 through 2032.
Public Financial Management, Inc. was the financial advisor.
Proceeds will be used to finance a portion of the costs of construction of airport facilities projects at BWI Marshall Airport.
| Issuer: | Maryland Transportation Authority/ Baltimore/Washington International Thurgood Marshall Airport
|
| Amount: | $50,905,000
|
| Issue: | Passenger facility charge revenue bonds
|
| Maturity: | 2013-2032
|
| Type: | Competitive
|
| True interest cost: | 3.73%
|
| Coupon: 4%-5%
|
| Yield: | 0.74%-4.3%
|
| Underwriter: Citigroup Global Markets Inc.
|
| Ratings: Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | April 11
|
| Settlement: | April 25
|
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