By Sheri Kasprzak
New York, Aug. 10 - St. James Parish, La., priced $75 million of series 2011 variable-rate tax-exempt revenue bonds for NuStar Energy LP, said a form 8-K filed Wednesday with the Securities and Exchange Commission.
The bonds (Aa1/VMIG 1) were sold through senior manager SunTrust Robinson Humphrey Inc.
The bonds are due Aug. 1, 2041 and initially bear interest at 0.19%. They priced at par.
Proceeds from the sale will be used to acquire, construct and install new tanks, new tank lines, pumps, manifolds for the new tanks and additional railcar offloading facilities at Mustard St. James Terminal on the west bank of the Mississippi River.
| Issuer: | St. James Parish, La./NuStar Energy LP
|
| Issue: | Series 2011 variable-rate tax-exempt revenue bonds
|
| Amount: | $75 million
|
| Maturity: | Aug. 1, 2041
|
| Coupon: | Variable; initial rate is 0.19%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | SunTrust Robinson Humphrey Inc.
|
| Rating: | Moody's: Aa1/VMIG 1
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 29
|
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