By Sheri Kasprzak
New York, March 10 - The Port of Portland, Ore., sold $57.51 million of series 21 Portland International Airport refunding revenue bonds on Thursday, said a pricing sheet.
The bonds were sold through Goldman, Sachs & Co. and Bank of America Merrill Lynch.
The offering included $5.455 million of series 21-A bonds and $52.055 million of series 21-B bonds.
The 21-A bonds are due 2012 to 2015 with 3% to 5% coupons. The 21-B bonds are due 2012 to 2018.
Proceeds will be used to refund the Portland International Airport's series 15-A, 15-B and 15-D bonds.
| Issuer: | Port of Portland
|
| Issue: | Series 21 Portland International Airport refunding revenue bonds
|
| Amount: | $57.51 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman, Sachs & Co. and Bank of America Merrill Lynch (lead)
|
| Pricing date: | March 10
|
| Settlement date: | April 5
|
|
|
| $5.455 million series 21-A
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 3% | NRO
|
| 2013 | Serial | 3% | 103.94
|
| 2014 | Serial | 4% | 107.379
|
| 2015 | Serial | 5% | 111.269
|
|
|
| $52.055 million series 21-B
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2% | NRO
|
| 2013 | Serial | 5% | 107.056
|
| 2014 | Serial | 5% | 108.247
|
| 2015 | Serial | 5% | 108.439
|
| 2016 | Serial | 5% | 108.764
|
| 2017 | Serial | 5% | 108.57
|
| 2018 | Serial | 5% | 107.854
|
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