By Sheri Kasprzak
New York, Oct. 8 - The Los Angeles County Metropolitan Transportation Authority priced $320.935 million in series 2009A sales tax revenue refunding bonds, according to a pricing sheet.
The bonds (Aa3/AAA/) were sold through senior manager Merrill Lynch & Co. Inc. The co-managers are J.P. Morgan Securities Inc., Prager, Sealy & Co. LLC and Stone & Youngberg.
The bonds are due 2010 to 2026 with coupons from 2% to 5%.
Proceeds will be used to refund debt and repay commercial notes.
| Issuer: | Los Angeles County Metropolitan Transportation Authority
|
| Issue: | Series 2009A sales tax revenue refunding bonds
|
| Amount: | $320.935 million
|
| Type: | Negotiated
|
| Underwriters: | Merrill Lynch & Co. Inc. (lead), J.P. Morgan Securities Inc., Prager, Sealy & Co. LLC and Stone & Youngberg (co-managers)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's AAA
|
| Pricing date: | Oct. 8
|
| Settlement date: | Oct. 22
|
|
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2.5% | 101.757
|
| 2011 | Serial | 2% | 101.757
|
| 2011 | Serial | 5% | 106.779
|
| 2012 | Serial | 2% | 101.764
|
| 2012 | Serial | 5% | 109.670
|
| 2013 | Serial | 3% | 104.961
|
| 2013 | Serial | 5% | 112.100
|
| 2014 | Serial | 2% | 100.311
|
| 2014 | Serial | 5% | 113.704
|
| 2015 | Serial | 3% | 104.255
|
| 2015 | Serial | 5% | 114.899
|
| 2016 | Serial | 2.5% | 100.305
|
| 2016 | Serial | 5% | 115.646
|
| 2017 | Serial | 3% | 102.278
|
| 2017 | Serial | 5% | 116.100
|
| 2018 | Serial | 3% | 101.222
|
| 2018 | Serial | 5% | 116.528
|
| 2019 | Serial | 3% | 100.248
|
| 2019 | Serial | 5% | 116.982
|
| 2020 | Serial | 5% | 115.977
|
| 2021 | Serial | 5% | 114.982
|
| 2022 | Serial | 5% | 114.176
|
| 2023 | Serial | 5% | 113.465
|
| 2024 | Serial | 5% | 112.759
|
| 2025 | Serial | 5% | 111.971
|
| 2026 | Serial | 5% | 111.277
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
