By Sheri Kasprzak
New York, Sept. 27 - The Arizona Transportation Board sold $164.475 million of series 2011 transportation excise tax revenue bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold competitively. The winning bidder couldn't be determined by press time Tuesday evening.
The bonds are due 2012 to 2025 with coupons from 2% to 5%.
Proceeds will be used to fund the costs of designing, purchasing rights-of-way and constructing certain freeways and other routes in Maricopa County, Ariz.
| Issuer: | Arizona Transportation Board
|
| Issue: | Series 2011 transportation excise tax revenue bonds
|
| Amount: | $164.475 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 13
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2% | 101.266
|
| 2013 | Serial | 5% | 107.591
|
| 2014 | Serial | 5% | 111.578
|
| 2015 | Serial | 5% | 115.11
|
| 2016 | Serial | 5% | 116.872
|
| 2017 | Serial | 5% | 119.466
|
| 2018 | Serial | 5% | 121.001
|
| 2019 | Serial | 5% | 121.749
|
| 2020 | Serial | 5% | 122.362
|
| 2021 | Serial | 5% | 123.19
|
| 2022 | Serial | 3% | 104.463
|
| 2023 | Serial | 4% | 111.404
|
| 2024 | Serial | 4% | 109.697
|
| 2025 | Serial | 3% | 100
|
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