Published on 4/16/2015 in the Prospect News Municipals Daily.
New Issue: Oakland-Alameda County Coliseum, Calif., sells $79.74 million bonds
By Sheri Kasprzak
New York, April 16 – The Oakland-Alameda County Coliseum Authority of California hit the market with $79,735,000 of series 2015 lease revenue bonds, according to a pricing sheet.
The bonds (Aa3//AA-) were sold through RBC Capital Markets LLC.
The bonds are due 2016 to 2026 with 0.8% to 3.793% coupons, all priced at par.
Proceeds will be used to refund and redeem all outstanding series 1996A lease revenue bonds.
| Issuer: | Oakland-Alameda County Coliseum Authority
|
| Issue: | Series 2015 lease revenue bonds
|
| Amount: | $79,735,000
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Ratings: | Moody’s: Aa3
|
| Fitch: AA-
|
| Pricing date: | April 16
|
| Settlement date: | April 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $5.4 million | 2016 | Serial | 0.80% | 100
|
| $5.8 million | 2017 | Serial | 1.25% | 100
|
| $6.2 million | 2018 | Serial | 1.693% | 100
|
| $6.6 million | 2019 | Serial | 2.321% | 100
|
| $7 million | 2020 | Serial | 2.671% | 100
|
| $7.6 million | 2021 | Serial | 2.957% | 100
|
| $8.2 million | 2022 | Serial | 3.157% | 100
|
| $8.8 million | 2023 | Serial | 3.343% | 100
|
| $9.25 million | 2024 | Serial | 3.493% | 100
|
| $10 million | 2025 | Serial | 3.643% | 100
|
| $4,885,000 | 2026 | Serial | 3.793% | 100
|
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