By Aaron Hochman-Zimmerman
New York, Jan. 29 - The New York City Industrial Development Agency priced $82.28 million series 2009 pilot bonds (Aa2/AAA/) on Wednesday, according to Danielle Apsilos-Romero, a Citigroup spokeswoman.
Serial bonds maturing from 2010 to 2019 carry yields of 2.49% to 5.05%, she said.
Term bonds due in 2029, 2039 and 2046 carry yields of 6.25%, 6.5% and 6.625%, respectively.
Citigroup Global Markets acted as the lead underwriter for the negotiated bonds.
Proceeds will be used to help fund the construction of Citi Field, the new home field of the New York Mets.
Issuer: New York City Industrial Development Agency
Issue: series 2009 pilot bonds
| Amount: | $82.28 million
|
| Serial maturities: | 2010 to 2019
|
| Serial yields: | 2.49% to 5.05%
|
| Term yields: | 6.25% for bonds due 2029, 6.5% for bonds due 2039, 6.25% for bonds due 2046
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
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