By Sheri Kasprzak
New York, May 13 - The City of Seattle sold $833.695 million in series 2010 municipal light and power revenue bonds on Thursday, said pricing sheets.
The full details of the offering were not immediately available Thursday evening.
The sale included $181.625 million in series 2010A Build America Bonds, $638.795 million in series 2010B refunding and improvement bonds and $13.275 million in series 2010C economic recovery bonds.
The 2010B bonds are due 2011 to 2026 with coupons from 2% to 5%. The details for the 2010A and 2010C bonds were not available.
Citigroup Global Markets Inc. was the lead manager. The co-managers were J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Siebert Brandford Shank & Co. LLC and Loop Capital Markets LLC.
The proceeds will be used to finance capital improvements and refund debt.
Issuer: | City of Seattle
|
Issue: | Series 2010 municipal light and power revenue bonds
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Amount: | $833.695 million
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc. (lead), J.P. Morgan Securities Inc., Barclays Capital Inc., Bank of America Merrill Lynch, Siebert Brandford Shank & Co. LLC and Loop Capital Markets LLC (co-managers)
|
Pricing date: | May 13
|
Settlement date: | May 26
|
|
Series 2010B
|
Maturity | Type | Coupon
|
2011 | Serial | 2%
|
2012 | Serial | 4%
|
2013 | Serial | 3%
|
2013 | Serial | 4%
|
2014 | Serial | 3%
|
2014 | Serial | 5%
|
2015 | Serial | 3%
|
2015 | Serial | 5%
|
2016 | Serial | 4%
|
2016 | Serial | 5%
|
2017 | Serial | 4%
|
2017 | Serial | 5%
|
2018 | Serial | 4%
|
2018 | Serial | 5%
|
2019 | Serial | 4%
|
2019 | Serial | 5%
|
2020 | Serial | 4%
|
2020 | Serial | 5%
|
2021 | Serial | 5%
|
2022 | Serial | 5%
|
2023 | Serial | 5%
|
2024 | Serial | 5%
|
2025 | Serial | 5%
|
2026 | Serial | 5%
|
|
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