By Sheri Kasprzak
New York, May 9 - The City of Mesa, Ariz., sold $67.3 million of series 2012 utility systems revenue bonds, according to a term sheet.
The bonds (Aa2/AA-/) were sold competitively. Kevin Christopher, spokesman for the city, said Wednesday afternoon that the city council has not yet released the winning bidder. That information will be available Thursday, Christopher said.
The bonds are due July 1, 2036 and bear interest at 4% priced at 100.754.
Proceeds will be used to construct and acquire improvements to the city's utility systems.
| Issuer: | City of Mesa, Ariz.
|
| Issue: | Series 2012 utility systems revenue bonds
|
| Amount: | $67.3 million
|
| Maturity | : | July 1, 2036
|
| Coupon: | 4%
|
| Price: | 100.754
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Pricing date: | May 9
|
| Settlement date: | May 31
|
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