By Sheri Kasprzak
New York, July 29 - The City of Tampa, Fla., priced $90.74 million in series 2010 solid waste system refunding revenue bonds on Thursday, according to a pricing sheet. The deal was upsized from $56.1 million.
The bonds (A3//A) were sold through RBC Capital Markets Corp. The co-managers were Morgan Stanley & Co. Inc. and Fifth Third Securities Inc.
The bonds are due 2011 to 2019 with coupons from 3% to 5%.
Proceeds will be used to refund the city's series 1999 solid waste revenue bonds.
| Issuer: | City of Tampa
|
| Issue: | Series 2010 solid waste system refunding revenue bonds
|
| Amount: | $90.74 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets Corp. (lead); Morgan Stanley & Co. Inc. and Fifth Third Securities Inc. (co-managers)
|
| Ratings: | Moody's: A3
|
| Fitch: A
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 25
|
|
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 100.972
|
| 2012 | Serial | 4% | 103.484
|
| 2013 | Serial | 4% | 104.324
|
| 2014 | Serial | 4% | 104.773
|
| 2015 | Serial | 5% | 108.356
|
| 2016 | Serial | 5% | 107.546
|
| 2017 | Serial | 5% | 106.633
|
| 2018 | Serial | 5% | 105.863
|
| 2019 | Serial | 5% | 104.99
|
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