Published on 12/13/2012 in the Prospect News Municipals Daily.
New Issue: New York City brings $1 billion of series 2013 G.O. bonds in upsized deal
By Sheri Kasprzak
New York, Dec. 13 - New York City priced $1,000,090,000 of series 2013 general obligation bonds, according to a pricing sheet.
The deal included $520,185,000 of series 2013D bonds and $479,905,000 of series 2013E bonds.
The 2013D bonds are due 2014 to 2028 with 4% to 5% coupons.
The 2013E bonds are due 2013 to 2033 with coupons from 3% to 5% coupons.
The bonds (Aa2/AA/AA) were sold through Raymond James/Morgan Keegan.
Proceeds will be used to refund outstanding G.O. bonds for savings in the current fiscal year and in fiscal 2014.
| Issuer: | City of New York
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $1,000,090,000
|
| Type: | Negotiated
|
| Underwriter: | Raymond James/Morgan Keegan
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | Dec. 13
|
| Settlement date: | Jan. 3
|
|
|
| $520,185,000 series 2013D bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $27.47 million | 2014 | Serial | 4% | 105.835
|
| $10 million | 2015 | Serial | 4% | 108.656
|
| $17.47 million | 2015 | Serial | 5% | 111.21
|
| $27,465,000 | 2016 | Serial | 5% | 114.898
|
| $27,465,000 | 2017 | Serial | 5% | 118.149
|
| $27,465,000 | 2018 | Serial | 5% | 120.922
|
| $40,985,000 | 2019 | Serial | 5% | 123.111
|
| $27,465,000 | 2020 | Serial | 5% | 124.899
|
| $40.99 million | 2021 | Serial | 5% | 125.871
|
| $40.99 million | 2022 | Serial | 5% | 126.527
|
| $40.99 million | 2023 | Serial | 5% | 126.422
|
| $40.99 million | 2024 | Serial | 5% | 125.904
|
| $40.99 million | 2025 | Serial | 5% | 125.388
|
| $27.47 million | 2026 | Serial | 5% | 124.773
|
| $40.99 million | 2027 | Serial | 5% | 124.161
|
| $40.99 million | 2028 | Serial | 5% | 123.553
|
|
|
| $479,905,000 series 2013E bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $19,385,000 | 2013 | Serial | 3% | 101.621
|
| $19.38 million | 2014 | Serial | 4% | 105.835
|
| $4.07 million | 2015 | Serial | 3% | 106.103
|
| $15.31 million | 2015 | Serial | 5% | 111.21
|
| $1.79 million | 2016 | Serial | 3% | 107.854
|
| $1,995,000 | 2016 | Serial | 4% | 111.376
|
| $15,595,000 | 2016 | Serial | 5% | 114.898
|
| $1,475,000 | 2017 | Serial | 3% | 109.208
|
| $4.03 million | 2017 | Serial | 4% | 113.678
|
| $13,875,000 | 2017 | Serial | 5% | 118.149
|
| $3,315,000 | 2018 | Serial | 4% | 115.529
|
| $16,065,000 | 2018 | Serial | 5% | 120.922
|
| $3,515,000 | 2019 | Serial | 4% | 116.83
|
| $25,415,000 | 2019 | Serial | 5% | 123.111
|
| $4,295,000 | 2020 | Serial | 4% | 117.764
|
| $15,085,000 | 2020 | Serial | 5% | 124.899
|
| $8,595,000 | 2021 | Serial | 4% | 117.935
|
| $20,335,000 | 2021 | Serial | 5% | 125.871
|
| $8.43 million | 2022 | Serial | 4% | 117.829
|
| $20.5 million | 2022 | Serial | 5% | 126.527
|
| $5,175,000 | 2023 | Serial | 4.5% | 121.898
|
| $23,755,000 | 2023 | Serial | 5% | 126.422
|
| $28.93 million | 2024 | Serial | 5% | 125.904
|
| $28.93 million | 2025 | Serial | 5% | 125.388
|
| $650,000 | 2026 | Serial | 4% | 113.861
|
| $18.77 million | 2026 | Serial | 5% | 124.773
|
| $230,000 | 2027 | Serial | 4% | 113.288
|
| $28,685,000 | 2027 | Serial | 5% | 124.161
|
| $965,000 | 2028 | Serial | 3% | 102.097
|
| $27.95 million | 2028 | Serial | 5% | 123.553
|
| $28,915,000 | 2029 | Serial | 5% | 122.948
|
| $27.84 million | 2030 | Serial | 5% | 122.347
|
| $1,855,000 | 2031 | Serial | 4% | 110.749
|
| $13.16 million | 2031 | Serial | 5% | 121.948
|
| $2.16 million | 2032 | Serial | 4% | 110.471
|
| $19.48 million | 2033 | Serial | 3% | 100
|
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