By Sheri Kasprzak
New York, Dec. 15 - The City of Atlanta brought to market $504.915 million of series 2010C airport general revenue refunding bonds on Wednesday, said a pricing sheet.
The bonds were sold on a negotiated basis with Citigroup Global Markets Inc. and Loop Capital Markets LLC as the senior managers. The co-managers were Barclays Capital Inc., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Rice Financial Products Co. and SunTrust Robinson Humphrey.
The bonds are due 2012 to 2025 with a term bond due in 2030. Serial coupons range from 2% to 5.875%. The 2030 bonds have a split maturity with a 5.25% coupon and a 6% coupon. The full pricing details were unavailable Wednesday evening.
Proceeds will be used to refund the city's series 2003RF/B-C bonds issued for airport improvements, as well as to terminate a swap agreement related to the bonds.
| Issuer: | City of Atlanta
|
| Issue: | Series 2010C airport general revenue refunding bonds
|
| Amount: | $504.915 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Loop Capital Markets LLC (leads), Barclays Capital Inc., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Rice Financial Products Co. and SunTrust Robinson Humphrey (co-managers)
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 23
|
|
|
| Maturity | Type | Coupon
|
| 2012 | Serial | 2%
|
| 2013 | Serial | 3%
|
| 2013 | Serial | 4%
|
| 2014 | Serial | 3%
|
| 2014 | Serial | 4%
|
| 2015 | Serial | 4%
|
| 2015 | Serial | 5%
|
| 2016 | Serial | 4%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 4%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 4%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 4%
|
| 2019 | Serial | 5%
|
| 2020 | Serial | 4.25%
|
| 2020 | Serial | 5%
|
| 2020 | Serial | 5.25%
|
| 2021 | Serial | 4.5%
|
| 2021 | Serial | 5.25%
|
| 2021 | Serial | 5.5%
|
| 2022 | Serial | 5.75%
|
| 2023 | Serial | 5.375%
|
| 2023 | Serial | 5.75%
|
| 2024 | Serial | 5.875%
|
| 2025 | Serial | 5%
|
| 2030 | Term | 5.25%
|
| 2030 | Term | 6%
|
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