Published on 7/21/2010 in the Prospect News Municipals Daily.
New Issue: St. James Parish, La., prices $100 million revenue bonds for NuStar
By Sheri Kasprzak
New York, July 21 - The Parish of St. James in Louisiana recently priced $100 million in tax-exempt revenue bonds for NuStar Energy LP, according to an 8-K filing with the Securities and Exchange Commission.
The bonds were sold through SunTrust Robinson Humphrey Inc.
The variable-rate bonds have an initial rate of 0.27% and are due July 1, 2040.
Proceeds will be used to expand NuStar's facilities in Louisiana.
| Issuer: | Parish of St. James, La./NuStar Energy LP
|
| Issue: | Series 2010 tax-exempt revenue bonds
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| Amount: | $100 million
|
| Maturity: | July 1, 2040
|
| Coupon: | 0.27% (variable)
|
| Price: | Par
|
| Type: | Negotiated
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| Underwriter: | SunTrust Robinson Humphrey Inc.
|
| Pricing date: | July 15
|
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