By Sheri Kasprzak
New York, Sept. 24 - The city of Aurora in Colorado sold $90 million in series 2009 certificates of participation on Thursday, according to a pricing sheet.
The bonds (Aa3/AA/) were sold through senior manager RBC Capital Markets Corp.
The bonds are due 2016 to 2019 with coupons from 3% to 5%. Neither the initial prices nor the yields were immediately available.
Proceeds will be used to retire the city's series 2008A variable-rate demand certificates and to refund its series 2005 certificates.
| Issuer: | Aurora, Colo.
|
| Issue: | Series 2009 certificates of participation
|
| Amount: | $90 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets Corp.
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 30
|
|
|
| Maturity | Type | Coupon
|
| 2016 | Serial | 3%
|
| 2016 | Serial | 5%
|
| 2017 | Serial | 3.25%
|
| 2017 | Serial | 5%
|
| 2018 | Serial | 3.5%
|
| 2018 | Serial | 5%
|
| 2019 | Serial | 3.5%
|
| 2019 | Serial | 5%
|
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