By Sheri Kasprzak
New York, Nov. 5 – The Metropolitan Atlanta Rapid Transit Authority of Georgia priced $182,005,000 of series 2015 sales tax revenue bonds, according to a pricing sheet.
The bonds (Aa2/AA+/AA-) were sold competitively.
The deal included $87,185,000 of series 2015B bonds and $94.82 million of series 2015C refunding bonds.
The 2015B bonds are due 2021 to 2029 and 2041 to 2045 with 2% to 5% coupons and yields from 1.46% to 3.34%.
The 2015C bonds are due 2026 to 2029 with 5% coupons and yields from 2.39% to 2.68%.
Proceeds will be used to finance capital projects for the authority, as well as to refund its series 2007B revenue bonds and its series 2004A commercial paper bond anticipation notes.
| Issuer: | Metropolitan Atlanta Rapid Transit Authority
|
| Issue: | Series 2015 sales tax revenue bonds
|
| Amount: | $182,005,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA+
|
| Fitch: AA-
|
| Pricing date: | Nov. 5
|
| Settlement date: | Dec. 10
|
|
|
| $87,185,000 series 2015B bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| 2021 | Serial | 5% | 118.832 | 1.46%
|
| 2022 | Serial | 2% | 101.978 | 1.68%
|
| 2023 | Serial | 3% | 107.636 | 1.91%
|
| 2024 | Serial | 5% | 122.782 | 2.08%
|
| 2025 | Serial | 3% | 106.683 | 2.22%
|
| 2026 | Serial | 5% | 124.226 | 2.39%
|
| 2027 | Serial | 3% | 104.141 | 2.55%
|
| 2028 | Serial | 3% | 102.276 | 2.75%
|
| 2029 | Serial | 3% | 100.902 | 2.90%
|
| 2041 | Serial | 5% | 115.146 | 3.29%
|
| 2042 | Serial | 5% | 114.953 | 3.31%
|
| 2043 | Serial | 5% | 114.857 | 3.32%
|
| 2044 | Serial | 5% | 114.761 | 3.33%
|
| 2045 | Serial | 5% | 114.665 | 3.34%
|
|
|
| $94.82 million series 2015C refunding bonds
|
| Maturity | Type | Coupon | Price | Yield
|
| 2026 | Serial | 5% | 124.226 | 2.39%
|
| 2027 | Serial | 5% | 123.072 | 2.50%
|
| 2028 | Serial | 5% | 122.24 | 2.58%
|
| 2029 | Serial | 5% | 121.21 | 2.68%
|
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