By Sheri Kasprzak
New York, May 15 - The Metropolitan Washington Airports Authority sold $421.76 million of series 2014 Dulles toll road second senior revenue refunding bonds, according to a pricing sheet.
The bonds (Baa1/BBB+/) were sold through J.P. Morgan Securities LLC.
The bonds are due Oct. 1, 2053, and bear interest at 5% priced at 103.944 to yield 4.4%.
Proceeds will be used to refund existing bonds.
| Issuer: | Metropolitan Washington Airports Authority
|
| Issue: | Series 2014 Dulles toll road second senior revenue refunding bonds
|
| Amount: | $421.76 million
|
| Maturity: | Oct. 1, 2053
|
| Coupon: | 5%
|
| Price: | 103.944
|
| Yield: | 4.4%
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Pricing date: | May 15
|
| Settlement date: | May 22
|
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