New Issue: Mesa, Ariz., offers $59.96 million of series 2013 general obligation bonds competitively

By Sheri Kasprzak

New York, May 16 - The City of Mesa, Ariz., sold $59.96 million of series 2013 general obligation bonds, said a pricing sheet.

The bonds (Aa2/AA/) were sold competitively. The issuer did not immediately return calls for the winning bidder.

The bonds are due 2014 to 2033 with coupons from 1.5% to 4% and yields from 0.45% to 3.75%.

Proceeds will be used to make improvements to public safety facilities, park and recreation facilities and city streets.

Issuer:	City of Mesa, Ariz.
Issue:	Series 2013 general obligation bonds
Amount:	$59.96 million
Type:	Competitive
Ratings:	Moody's: Aa2
	Standard & Poor's: AA
Pricing date:	May 15
Settlement date:	June 5
Amount	Maturity	Type	Coupon	Price	Yield
$1,635,000	2014	Serial	2%	101.655	0.45%
$1.9 million	2015	Serial	4%	107.098	0.55%
$1,975,000	2016	Serial	3%	106.725	0.78%
$2.05 million	2017	Serial	4%	112.282	0.92%
$2.15 million	2018	Serial	1.5%	101.967	1.1%
$2,225,000	2019	Serial	4%	115.083	1.4%
$2,325,000	2020	Serial	4%	115.624	1.65%
$2,425,000	2021	Serial	4%	115.645	1.9%
$2,525,000	2022	Serial	3%	107.398	2.1%
$2,625,000	2023	Serial	3%	105.798	2.35%
$2,725,000	2024	Serial	3%	103.523	2.6%
$2,875,000	2025	Serial	4%	112.24	2.61%
$2,975,000	2026	Serial	4%	110.837	2.76%
$3.1 million	2027	Serial	4%	109.913	2.86%
$3,225,000	2028	Serial	3%	96.458	3.3%
$3,375,000	2029	Serial	3%	95.076	3.4%
$3.5 million	2031	Serial	3%	93.343	3.5%
$3,675,000	2032	Serial	2.5%	83.076	3.75%
$12,675,000	2033	Serial	3%	91.475	3.6%

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