By Sheri Kasprzak
New York, June 22 - Texas Public Finance Authority brought $325.495 million in series 2010 general obligation refunding bonds, said a pricing sheet.
The bonds (Aaa/AA+/AAA) were sold Tuesday through Barclays Capital Inc. with Cabrera Capital Markets Inc., Citigroup Global Markets Inc., Jefferies & Co. Inc., Ramirez & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co. and Morgan Keegan & Co. Inc. as the co-managers.
The offering included $179.18 million in series 2010A bonds and $146.315 million in series 2010B bonds.
The 2010A bonds are due 2013 to 2030 with 4% to 5% coupons. The 2010B bonds are due 2013 to 2018 with coupons from 3% to 5%.
The proceeds will refund a portion of the authority's commercial paper notes and G.O. bonds.
The authority, based in Austin, Texas, was formerly known as the Texas Public Building Authority. The authority constructs or acquires state office buildings.
| Issuer: | Texas Public Finance Authority
|
| Issue: | Series 2010 general obligation bonds
|
| Amount: | $325.495 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays Capital Inc. (lead), Cabrera Capital Markets Inc., Citigroup Global Markets Inc., Jefferies & Co. Inc., Ramirez & Co. Inc., Loop Capital Markets LLC, Piper Jaffray & Co. and Morgan Keegan & Co. Inc. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Fitch: AAA
|
| Pricing date: | June 22
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 5% | 112.077
|
| 2014 | Serial | 5% | 114.106
|
| 2015 | Serial | 5% | 115.369
|
| 2016 | Serial | 5% | 115.484
|
| 2017 | Serial | 5% | 115.334
|
| 2018 | Serial | 5% | 115.325
|
| 2019 | Serial | 4% | 106.913
|
| 2019 | Serial | 5% | 114.863
|
| 2020 | Serial | 4% | 106.291
|
| 2020 | Serial | 5% | 114.914
|
| 2021 | Serial | 5% | NRO
|
| 2022 | Serial | 5% | NRO
|
| 2023 | Serial | 5% | NRO
|
| 2024 | Serial | 5% | NRO
|
| 2025 | Serial | 5% | NRO
|
| 2026 | Serial | 5% | NRO
|
| 2027 | Serial | 5% | NRO
|
| 2028 | Serial | 5% | NRO
|
| 2029 | Serial | 5% | NRO
|
| 2030 | Serial | 5% | NRO
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 3% | 105.787
|
| 2013 | Serial | 5% | 112.077
|
| 2014 | Serial | 3% | 105.975
|
| 2014 | Serial | 5% | 114.106
|
| 2015 | Serial | 4% | 110.427
|
| 2015 | Serial | 5% | 115.369
|
| 2016 | Serial | 4% | 109.727
|
| 2016 | Serial | 5% | 115.484
|
| 2017 | Serial | 3.25% | 103.913
|
| 2017 | Serial | 5% | 115.334
|
| 2018 | Serial | 4% | 108.061
|
| 2018 | Serial | 5% | 115.325
|
© 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.
