Published on 10/16/2013 in the Prospect News Municipals Daily.
New Issue: Hillsborough County Aviation, Fla., sells $168.87 million airport bonds
By Sheri Kasprzak
New York, Oct. 16 - The Hillsborough County Aviation Authority of Florida priced $168,865,000 of series 2013A AMT subordinate revenue refunding bonds for the Tampa International Airport, according to a pricing sheet.
The bonds (A2/A/A) were sold through RBC Capital Markets LLC.
The bonds are due 2014 to 2016 and 2019 to 2030 with 2% to 5.5% coupons and yields from 0.3% to 5.08%.
Proceeds will be used to refund the authority's series 2003A revenue bonds.
| Issuer: | Hillsborough County Aviation Authority/Tampa International Airport, Fla.
|
| Issue: | Series 2013A AMT subordinate revenue refunding bonds
|
| Amount: | $168,865,000
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead), BofA Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan (co-managers)
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $12,195,000 | 2014 | Serial | 2% | 101.559 | 0.30%
|
| $13.69 million | 2015 | Serial | 4% | 106.28 | 0.70%
|
| $710,000 | 2016 | Serial | 2% | 102.287 | 1.20%
|
| $13.52 million | 2016 | Serial | 5% | 110.868 | 1.20%
|
| $25,000 | 2019 | Serial | 3% | 102.069 | 2.62%
|
| $8,035,000 | 2019 | Serial | 5% | 112.969 | 2.62%
|
| $8,465,000 | 2020 | Serial | 5% | 112.41 | 3.00%
|
| $475,000 | 2021 | Serial | 3.375% | 99.825 | 3.40%
|
| $8.41 million | 2021 | Serial | 5% | 111.024 | 3.40%
|
| $9.32 million | 2022 | Serial | 5% | 109.558 | 3.73%
|
| $9.79 million | 2023 | Serial | 5% | 108.545 | 3.95%
|
| $725,000 | 2024 | Serial | 4% | 98.345 | 4.19%
|
| $9,555,000 | 2024 | Serial | 5.5% | 110.539 | 4.19%
|
| $10,835,000 | 2025 | Serial | 5% | 104.695 | 4.41%
|
| $11,375,000 | 2026 | Serial | 5% | 103.395 | 4.57%
|
| $1.1 million | 2027 | Serial | 4.5% | 97.87 | 4.71%
|
| $10,845,000 | 2027 | Serial | 5.25% | 104.236 | 4.71%
|
| $12.56 million | 2028 | Serial | 5.5% | 105.792 | 4.76%
|
| $13,255,000 | 2029 | Serial | 5.5% | 104.664 | 4.90%
|
| $1,025,000 | 2030 | Serial | 5% | 99.094 | 5.08%
|
| $12,955,000 | 2030 | Serial | 5.25% | 101.307 | 5.08%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
