By Aaron Hochman-Zimmerman
New York, March 11 - The City of Seattle priced $99.86 million of series 2009 general obligation improvement and refunding bonds, according to Michael van Dyck, city debt manager.
The deal priced at a TIC of 3.32%.
Barclays won the auction for the bonds over eight other bidders. Seattle-Northwest Securities Corp. acted as financial advisor on the deal.
The bonds carry serial maturities from 2010 to 2034.
Proceeds will be used to fund projects and to refund the outstanding series 1996 Pike Place special obligation bonds.
Issuer: City of Seattle
Issue: Series 2009 general obligation improvement and refunding bonds
| Amount: | $99.86 million
|
| Maturities: | 2010 to 2034
|
| TIC: | 3.32%
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc.
|
| Pricing date: | March 11
|
© 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.
