Published on 9/6/2012 in the Prospect News Municipals Daily.
New Issue: Tampa, Fla., sells $132.54 million cigarette TABs for H. Lee Moffitt Cancer Center
By Sheri Kasprzak
New York, Sept. 6 - The City of Tampa, Fla., sold $132.54 million of series 2012A refunding and capital improvement cigarette tax allocation bonds for the H. Lee Moffitt Cancer Center, according to a pricing sheet.
The bonds (A1/A+/) were sold through Bank of America Merrill Lynch and J.P. Morgan Securities LLC.
The bonds are due 2013 to 2029 with a term bond due in 2033. The serial coupons range from 2% to 5%. The 2033 bonds have a 4% coupon and were not reoffered.
Proceeds will be used to construct, acquire, equip and renovate a multistory clinical and research cancer center.
| Issuer: | City of Tampa, Fla./H. Lee Moffitt Cancer Center
|
| Issue: | Series 2012A refunding and capital improvement cigarette tax allocation bonds
|
| Amount: | $132.54 million
|
| Type: | Negotiated
|
| Underwriters: | Bank of America Merrill Lynch and J.P. Morgan Securities LLC (lead)
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $730,000 | 2013 | Serial | 2% | 101.228
|
| $4.39 million | 2014 | Serial | 3% | 103.97
|
| $4.52 million | 2015 | Serial | 3% | 105.44
|
| $4,655,000 | 2016 | Serial | 3% | 106.444
|
| $4,795,000 | 2017 | Serial | 4% | 111.175
|
| $4.99 million | 2018 | Serial | 5% | 116.871
|
| $5,235,000 | 2019 | Serial | 5% | 117.319
|
| $5,445,000 | 2020 | Serial | 5% | 117.449
|
| $5.72 million | 2021 | Serial | 5% | 117.655
|
| $6,005,000 | 2022 | Serial | 5% | 118.226
|
| $6,305,000 | 2023 | Serial | 5% | NRO
|
| $6.62 million | 2024 | Serial | 3.125% | 97.894
|
| $6,835,000 | 2025 | Serial | 5% | NRO
|
| $7,175,000 | 2026 | Serial | 5% | NRO
|
| $7,535,000 | 2027 | Serial | 5% | NRO
|
| $7,915,000 | 2028 | Serial | 5% | NRO
|
| $8.31 million | 2029 | Serial | 5% | NRO
|
| $35.36 million | 2033 | Term | 4% | NRO
|
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