By Sheri Kasprzak
New York, March 11 - The City of Seattle priced $201.425 million of series 2010 revenue bonds on Thursday, said a pricing sheet.
The sale included $58.235 million of series 2010A taxable Build America Bonds and $143.19 million of series 2010B tax-exempt bonds.
The bonds were sold competitively. Citigroup Global Markets Inc. took the Build America Bonds and Bank of America Merrill Lynch bought the tax-exempts.
The 2010A bonds are due 2018 to 2030 with 4.03% to 5.23% coupons, with all but the 2027 bonds priced at par. The 2010B bonds are due 2010 to 2031 with 2.5% to 5% coupons.
Proceeds will be used to fund capital expenditures and refund existing debt.
| Issuer: | City of Seattle
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $201.425 million
|
| Type: | Competitive
|
| Underwriters: | Citigroup Global Markets Inc. (winner for 2010A); Bank of America Merrill Lynch (winner for 2010B)
|
| Pricing date: | March 11
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2018 | Serial | 4.03% | 100
|
| 2019 | Serial | 4.13% | 100
|
| 2020 | Serial | 4.23% | 100
|
| 2021 | Serial | 4.33% | 100
|
| 2022 | Serial | 4.43% | 100
|
| 2023 | Serial | 4.58% | 100
|
| 2024 | Serial | 4.68% | 100
|
| 2025 | Serial | 4.78% | 100
|
| 2026 | Serial | 4.88% | 100
|
| 2027 | Serial | 5% | 100.223
|
| 2028 | Serial | 5.08% | 100
|
| 2029 | Serial | 5.18% | 100
|
| 2030 | Serial | 5.23% | 100
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2010 | Serial | 2.5% | 100.715
|
| 2011 | Serial | 3% | 103.399
|
| 2012 | Serial | 4% | 107.502
|
| 2013 | Serial | 5% | 113.291
|
| 2014 | Serial | 5% | 115.813
|
| 2015 | Serial | 5% | 117.312
|
| 2016 | Serial | 5% | 117.37
|
| 2017 | Serial | 5% | 117.237
|
| 2018 | Serial | 5% | 117.464
|
| 2019 | Serial | 5% | 117.686
|
| 2020 | Serial | 5% | 117.653
|
| 2021 | Serial | 3% | 98.765
|
| 2022 | Serial | 4% | 106.353
|
| 2023 | Serial | 4% | 105.009
|
| 2024 | Serial | 3.5% | 99.216
|
| 2025 | Serial | 4% | 102.379
|
| 2026 | Serial | 3.75% | 99.271
|
| 2027 | Serial | 4% | 100.754
|
| 2028 | Serial | 4% | 99.866
|
| 2029 | Serial | 4% | 98.669
|
| 2030 | Serial | 4% | 98
|
| 2031 | Serial | 4% | 98
|
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