New Issue: Salt Lake City Redevelopment, Utah, sells $64.73 million revenue bonds

By Sheri Kasprzak

New York, Sept. 17 - The Salt Lake City Redevelopment Agency sold $64.73 million of series 2013 taxable tax increment revenue bonds, according to a pricing sheet.

The bonds (//AA) were sold through Piper Jaffray & Co.

The bonds are due 2016 to 2023 with term bonds due in 2026, 2028 and 2031. The serial coupons range from 3% to 4.611%. The 2026 bonds have a 5.111% coupon priced at par and the 2028 bonds have a 5.461% coupon priced at par. The 2031 bonds have a 6% coupon priced at 98.93.

Proceeds will be used to finance the acquisition and construction of a new Utah Performing Arts Center and refinance bond anticipation notes issued to fund the project's design costs.

Issuer:	Salt Lake City Redevelopment Agency
Issue:	Series 2013 taxable tax increment revenue bonds
Amount:	$64.73 million
Type:	Negotiated
Underwriter:	Piper Jaffray & Co. (lead)
Rating:	Fitch: AA
Pricing date:	Sept. 17
Settlement date:	Oct. 30
Amount	Maturity	Type	Coupon	Price
$3,005,000	2016	Serial	3%	103.091
$3,055,000	2017	Serial	3%	102.072
$3.13 million	2018	Serial	3%	100.762
$3.22 million	2019	Serial	3.452%	100
$3,335,000	2020	Serial	3.752%	100
$3.46 million	2021	Serial	4.161%	100
$3,605,000	2022	Serial	4.411%	100
$3,765,000	2023	Serial	4.611%	100
$12,425,000	2026	Term	5.111%	100
$2.75 million	2028	Term	5.461%	100
$22.98 million	2031	Term	6%	98.93

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