By Sheri Kasprzak
New York, July 27 - The Minneapolis-St. Paul Metropolitan Airports Commission sold $135.255 million in series 2010 senior airport revenue bonds on Tuesday, according to a pricing sheet.
The offering included $61.595 million in series 2010A bonds and $73.66 million in series 2010B bonds.
The 2010A bonds are due 2028 to 2030 with a term bond due 2035. The serial coupons range from 4% to 5%. The 2035 bonds have a 5% coupon priced at 103.635.
The 2010B bonds are due 2012 to 2028 with coupons from 3% to 5%.
Barclays Capital Inc. and Piper Jaffray & Co. were the senior managers. The co-managers were Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC.
Proceeds will be used to finance capital improvements and to repay existing commercial notes.
The Minneapolis-based commission owns and operates the Minneapolis-St. Paul International Airport and six other airports in the Twin Cities region.
| Issuer: | Minneapolis-St. Paul Metropolitan Airports Commission
|
| Issue: | Series 2010 senior airport revenue bonds
|
| Amount: | $135.255 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. and Piper Jaffray & Co. (lead), Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBC Capital Markets Corp. and Wells Fargo Securities LLC (co-managers)
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 10
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2028 | Serial | 4% | 97.666
|
| 2028 | Serial | 5% | 106.231
|
| 2029 | Serial | 4% | 96.333
|
| 2029 | Serial | 5% | 105.436
|
| 2030 | Serial | 4.125% | 96.814
|
| 2030 | Serial | 5% | 104.806
|
| 2035 | Term | 5% | 103.635
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | 103.278
|
| 2013 | Serial | 3% | 104.787
|
| 2014 | Serial | 3% | 105.621
|
| 2015 | Serial | 4% | 109.336
|
| 2016 | Serial | 4% | 109.049
|
| 2017 | Serial | 5% | 114.363
|
| 2018 | Serial | 5% | 114.666
|
| 2019 | Serial | 5% | 114.897
|
| 2020 | Serial | 5% | 114.936
|
| 2021 | Serial | 5% | 113.111
|
| 2022 | Serial | 5% | 111.575
|
| 2023 | Serial | 5% | 110.397
|
| 2024 | Serial | 5% | 109.4
|
| 2025 | Serial | 5% | 108.659
|
| 2026 | Serial | 5% | 107.842
|
| 2027 | Serial | 4% | 98.693
|
| 2028 | Serial | 4% | 97.666
|
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