Published on 11/4/2010 in the Prospect News Municipals Daily.
New Issue: Atlanta and Fulton County Recreation, Ga., sells $124.52 million revenue bonds
By Sheri Kasprzak
New York, Nov. 4 - The Atlanta and Fulton County Recreation Authority of Georgia sold $124.515 million of series 2010 taxable revenue refunding and improvement bonds on Thursday through Goldman Sachs & Co., according to a pricing sheet.
The bonds (Aa3/AAA/) are due 2011 to 2012 with a term bond due 2028. The 2011 bonds have a 1.005% coupon priced at par, and the 2012 bonds have a 1.147% coupon priced at par. The 2028 bonds have a 6.5% coupon also priced at par.
The co-managers for the sale were Jackson Securities Inc., Raymond James & Associates Inc., Rice Financial Products Co., Robert Baird & Co. and Sterne, Agee & Leach Inc.
Proceeds will be used to fund improvements to the city's Philips Arena and other recreational and cultural facilities, as well as to refund debt.
| Issuer: | Atlanta and Fulton County Recreation Authority
|
| Issue: | Series 2010 taxable revenue refunding and improvement bonds
|
| Amount: | $124.515 million
|
| Type: | Negotiated
|
| Underwriters: | Goldman Sachs & Co. (lead), Jackson Securities Inc., Raymond James & Associates Inc., Rice Financial Products Co., Robert Baird & Co. and Sterne, Agee & Leach Inc. (co-managers)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AAA
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.785 million | 2011 | Serial | 1.005% | 100
|
| $4.295 million | 2012 | Serial | 1.147% | 100
|
| $116.435 million | 2028 | Term | 6.5% | 100
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
