By Sheri Kasprzak
New York, Dec. 16 - The City of Atlanta sold $524.045 million of series 2010C airport general revenue refunding bonds on Wednesday, according to a pricing sheet released Thursday.
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 Inc.
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 two 5.25% coupons and a 6% coupon.
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: | $524.045 million
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Loop Capital Markets LLC (lead), Barclays Capital Inc., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Rice Financial Products Co. and SunTrust Robinson Humphrey Inc. (co-managers)
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $17.35 million | 2012 | Serial | 2% | 101.403
|
| $4.87 million | 2013 | Serial | 3% | 101.971
|
| $12.99 million | 2013 | Serial | 4% | 103.944
|
| $11.325 million 2014 | Serial | 3% | 101.533
|
| $7.18 million | 2014 | Serial | 4% | 104.428
|
| $300,000 | 2015 | Serial | 4% | 104.34
|
| $19 million | 2015 | Serial | 5% | 108.115
|
| $3.35 million | 2016 | Serial | 4% | 103.966
|
| $16.92 million | 2016 | Serial | 5% | 108.579
|
| $840,000 | 2017 | Serial | 4% | 102.31
|
| $20.45 million | 2017 | Serial | 5% | 107.686
|
| $400,000 | 2018 | Serial | 4% | 100.608
|
| $21.975 million | 2018 | Serial | 5% | 106.699
|
| $1.215 million | 2019 | Serial | 4% | 98.648
|
| $22.295 million | 2019 | Serial | 5% | 105.399
|
| $2.31 million | 2020 | Serial | 4.25% | 98.599
|
| $7.5 million | 2020 | Serial | 5% | 104.124
|
| $14.91 million | 2020 | Serial | 5.25% | 105.966
|
| $1.92 million | 2021 | Serial | 4.5% | 98.808
|
| $10.1 million | 2021 | Serial | 5.25% | 104.762
|
| $14.025 million | 2021 | Serial | 5.5% | 106.746
|
| $27.53 million | 2022 | Serial | 5.75% | 107.79
|
| $4.29 million | 2023 | Serial | 5.375% | 103.539
|
| $24.86 million | 2023 | Serial | 5.75% | 106.901
|
| $30.89 million | 2024 | Serial | 5.875% | 107.11
|
| $32.61 million | 2025 | Serial | 5% | 97.539
|
| $92.64 million | 2030 | Term | 5.25% | 96.501
|
| $25 million | 2030 | Term | 5.25% | 97.648
|
| $75 million | 2030 | Term | 6% | 106.461
|
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