By Sheri Kasprzak
New York, Aug. 19 - The Industrial Development Authority of Pima County in Arizona sold $176.3 million in series 2009A metro police facility lease revenue bonds, according to a sellside source close to the deal.
The bonds (Aa3/AA/) were sold through lead manager RBC Capital Markets Corp.
The bonds are due 2012 to 2024 with term bonds due 2026, 2028, 2031, 2039 and 2041. The coupons range from 3% to 5.5% and yields range from 2.17% to 5.72%.
Proceeds will be used to construct improvements at facilities operated by the Las Vegas Metropolitan Police Department.
The county seat of Pima County is Tucson.
| Issuer: | Industrial Development Authority of Pima County
|
| Issue: | Series 2009A metro police facility lease revenue bonds
|
| Amount: | $176.3 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets Corp.
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| Maturities: | 2012 to 2024 with term bonds due 2026, 2028, 2031, 2039 and 2041
|
| Coupons: | 3% to 5.5%
|
| Yields: | 2.17% to 5.72%
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Pricing date: | Aug. 19
|
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