New Issue: Long Beach Bond Finance, Calif., prices $102.58 million aquarium refunding bonds

By Sheri Kasprzak

New York, March 15 - The Long Beach Bond Finance Authority of California sold $102.58 million of series 2012 refunding revenue bonds for the Aquarium of the Pacific, according to a pricing sheet.

The bonds (A1) are due 2012 to 2030 with 1% to 5% coupons and yields from 0.38% to 3.82%.

Loop Capital Markets LLC was the senior manager with De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC as the co-managers.

Proceeds will be used to refund and defease existing debt.

Issuer:	Long Beach Bond Finance Authority/Aquarium of the Pacific
Issue:	Series 2012 refunding revenue bonds
Amount:	$102.58 million
Type:	Negotiated
Underwriters:	Loop Capital Markets LLC (lead), De La Rosa & Co. Inc. and Morgan Stanley & Co. LLC (co-managers)
Rating:	Moody's: A1
Pricing date:	March 15
Settlement date:	April 3
Amount	Maturity	Type	Coupon	Yield
$5.56 million	2012	Serial	1%	0.38%
$3.67 million	2013	Serial	3%	0.65%
$3.78 million	2014	Serial	3.5%	0.81%
$3,915,000	2015	Serial	4%	1.07%
$4.07 million	2016	Serial	4%	1.28%
$4,235,000	2017	Serial	4%	1.60%
$4,405,000	2018	Serial	5%	2.10%
$4.62 million	2019	Serial	5%	2.42%
$4,855,000	2020	Serial	4%	2.73%
$5,045,000	2021	Serial	5%	2.92%
$5.3 million	2022	Serial	5%	3.11%
$5,565,000	2023	Serial	5%	3.29%
$5.84 million	2024	Serial	5%	3.40%
$6,135,000	2025	Serial	5%	3.48%
$6.44 million	2026	Serial	5%	3.56%
$6.76 million	2027	Serial	5%	3.64%
$7.1 million	2028	Serial	5%	3.71%
$7,455,000	2029	Serial	5%	3.75%
$7.83 million	2030	Serial	5%	3.82%

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