By Sheri Kasprzak
New York, Jan. 30 - The City of Austin sold $143.77 million of series 2013 special rental car facility revenue bonds, according to a pricing sheet.
The bonds (//BBB+) were sold through Wells Fargo Securities LLC.
The bonds are due 2022, 2032 and 2042. The 2022 bonds have a 3.837% coupon priced at par and the 2032 bonds have a 5.46% coupon priced at par. The 2042 bonds have a 5.75% coupon priced at 97.761.
Proceeds will be used to finance the construction of a consolidated car rental facility at Austin-Bergstrom International Airport.
| Issuer: | City of Austin
|
| Issue: | Series 2013 special rental car facility revenue bonds
|
| Amount: | $143.77 million
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC
|
| Rating: | Fitch: BBB+
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $10,555,000 | 2022 | Term | 3.837% | 100
|
| $40.69 million | 2032 | Term | 5.46% | 100
|
| $92,525,000 | 2042 | Term | 5.75% | 97.761
|
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