Published on 5/23/2012 in the Prospect News Municipals Daily.
New Issue: Oakland-Alameda County Coliseum Authority prices $122.82 million revenue bonds
By Sheri Kasprzak
New York, May 23 - The Oakland-Alameda County Coliseum Authority sold $122,815,000 of series 2012A lease revenue refunding bonds for the Oakland Coliseum project, according to a pricing sheet.
The bonds (//AA-) were sold through lead manager Morgan Stanley & Co. LLC.
The bonds are due 2013 to 2025 with 2% to 5% coupons. The 2013 bonds were not reoffered.
Proceeds will be used to refund outstanding floating-rate debt as fixed-rate debt.
| Issuer: | Oakland-Alameda County Coliseum Authority/Oakland Coliseum
|
| Issue: | Series 2012A lease revenue refunding bonds
|
| Amount: | $122,815,000
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC (lead)
|
| Rating: | Fitch: AA-
|
| Pricing date: | May 23
|
| Settlement date: | May 31
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $9,025,000 | 2013 | Serial | 2% | NRO
|
| $7.34 million | 2014 | Serial | 3% | 103.414
|
| $7.56 million | 2015 | Serial | 4% | 107.517
|
| $7,865,000 | 2016 | Serial | 5% | 112.974
|
| $8,255,000 | 2017 | Serial | 5% | 114.936
|
| $8.67 million | 2018 | Serial | 5% | 115.877
|
| $9.1 million | 2019 | Serial | 5% | 116.462
|
| $9,555,000 | 2020 | Serial | 5% | 116.053
|
| $10,035,000 | 2021 | Serial | 5% | 115.738
|
| $10,535,000 | 2022 | Serial | 5% | 115.49
|
| $11,065,000 | 2023 | Serial | 5% | 114.234
|
| $11,615,000 | 2024 | Serial | 5% | 113.083
|
| $12,195,000 | 2025 | Serial | 5% | 112.033
|
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