By Sheri Kasprzak
New York, Aug. 10 - The City of Tacoma, Wash., sold $103.225 million in series 2010 water system revenue bonds on Tuesday, said a pricing sheet.
The bonds (Aa2/AA/) were sold through Citigroup Global Markets Inc.
The offering included $29.575 million in series 2010A revenue and refunding bonds and $73.65 million in series 2010B Build America Bonds.
The 2010A bonds are due 2013 to 2024 with coupons from 2% to 4%. The 2010B bonds are due 2030 and 2040. The 2030 bonds have a 5.371% coupon priced at par. The 2040 bonds have a 5.621% coupon also priced at par.
Proceeds will be used to finance capital improvements to the water system. They may also be used to refund outstanding bonds.
| Issuer: | City of Tacoma, Wash.
|
| Issue: | Series 2010 water system revenue bonds
|
| Amount: | $103.225 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 24
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 103.699
|
| 2014 | Serial | 2% | 103.955
|
| 2015 | Serial | 2% | 102.420
|
| 2016 | Serial | 3% | 106.409
|
| 2017 | Serial | 3% | 105.345
|
| 2018 | Serial | 3% | 104.321
|
| 2019 | Serial | 3% | 103.023
|
| 2020 | Serial | 3% | NRO
|
| 2021 | Serial | 4% | NRO
|
| 2022 | Serial | 4% | NRO
|
| 2023 | Serial | 4% | NRO
|
| 2024 | Serial | 4% | NRO
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2030 | Term | 5.371% | 100
|
| 2040 | Term | 5.621% | 100
|
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