Published on 7/7/2015 in the Prospect News Municipals Daily.
New Issue: Tampa, Fla., prices $88.95 million water, sewer revenue bonds
By Sheri Kasprzak
New York, July 7 – The City of Tampa, Fla., sold $88,945,000 of series 2015 water and sewer system refunding revenue bonds, according to a pricing sheet.
The bonds (Aa1/AAA/AAA) were sold competitively. The issuer did not immediately respond to calls for the winning bidder Tuesday.
The bonds are due 2015 to 2037 with 3% to 5% coupons and 0.15% to 3.632% yields.
Proceeds will be used to refund the city’s series 2005, 2006 and 2007 water and sewer system revenue bonds.
| Issuer: | Tampa, Fla.
|
| Issue: | Series 2015 water and sewer system refunding revenue bonds
|
| Amount: | $88,945,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | July 7
|
| Settlement date: | July 23
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $250,000 | 2015 | Serial | 5% | 100.915 | 0.15%
|
| $8.05 million | 2016 | Serial | 5% | 105.388 | 0.45%
|
| $9.85 million | 2017 | Serial | 5% | 109.162 | 0.77%
|
| $2,375,000 | 2018 | Serial | 5% | 112.354 | 1.05%
|
| $2,485,000 | 2019 | Serial | 5% | 115.255 | 1.25%
|
| $2,595,000 | 2020 | Serial | 5% | 117.462 | 1.49%
|
| $2,715,000 | 2021 | Serial | 5% | 118.762 | 1.784%
|
| $2,825,000 | 2022 | Serial | 5% | 120.214 | 1.97%
|
| $2,965,000 | 2023 | Serial | 4% | 114.142 | 2.11%
|
| $3.1 million | 2024 | Serial | 5% | 122.896 | 2.23%
|
| $3,235,000 | 2025 | Serial | 5% | 123.679 | 2.37%
|
| $3.38 million | 2026 | Serial | 5% | 122.36 | 2.50%
|
| $3,535,000 | 2027 | Serial | 3% | 102.924 | 2.67%
|
| $3.69 million | 2028 | Serial | 3% | 100 | 3.00%
|
| $3,855,000 | 2029 | Serial | 3% | 98.856 | 3.10%
|
| $3.99 million | 2030 | Serial | 3.125% | 98.5 | 3.251%
|
| $4,135,000 | 2031 | Serial | 3.25% | 99 | 3.33%
|
| $4,275,000 | 2032 | Serial | 4% | 106.189 | 3.28%
|
| $4,425,000 | 2033 | Serial | 4% | 105.479 | 3.36%
|
| $4.58 million | 2034 | Serial | 4% | 105.126 | 3.40%
|
| $4.74 million | 2035 | Serial | 4% | 104.774 | 3.44%
|
| $4.91 million | 2036 | Serial | 4% | 104.424 | 3.48%
|
| $2,985,000 | 2037 | Serial | 3.5% | 98 | 3.632%
|
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