Published on 10/2/2013 in the Prospect News Municipals Daily.
New Issue: Tobacco Settlement, Wash., brings $335.82 million of refunding bonds
By Sheri Kasprzak
New York, Oct. 2 - The Tobacco Settlement Authority of Washington State priced $335.82 million of series 2013 tobacco settlement revenue refunding bonds, according to a pricing sheet. The deal was downsized from $344.39 million.
The bonds were sold through lead managers Barclays and Citigroup Global Markets Inc.
The bonds are due 2014 to 2033 with 4% to 5.25% coupons.
Proceeds will be used to current refund the authority's series 2002 tobacco settlement revenue bonds.
| Issuer: | Tobacco Settlement Authority, Wash.
|
| Issue: | Series 2013 tobacco settlement revenue refunding bonds
|
| Amount: | $335.82 million
|
| Type: | Negotiated
|
| Underwriters: | Barclays and Citigroup Global Markets Inc. (lead), BofA Merrill Lynch, KeyBanc Capital Markets LLC, RBC Capital Markets LLC and Raymond James/Morgan Keegan (co-managers)
|
| Pricing date: | Oct. 2
|
| Settlement date: | Oct. 17
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $24,445,000 | 2014 | Serial | 4% | 102.247
|
| $20,425,000 | 2015 | Serial | 4% | 106.906
|
| $19.66 million | 2016 | Serial | 5% | 110.052
|
| $18.95 million | 2017 | Serial | 5% | 112.292
|
| $13,135,000 | 2018 | Serial | 5% | 113.321
|
| $13.58 million | 2019 | Serial | 5% | 113.652
|
| $13.88 million | 2020 | Serial | 5% | 113.793
|
| $13.79 million | 2021 | Serial | 5% | 113.242
|
| $14,415,000 | 2022 | Serial | 5% | 112.743
|
| $15,135,000 | 2023 | Serial | 5% | 112.508
|
| $15.71 million | 2024 | Serial | 5% | 102.284
|
| $16.37 million | 2025 | Serial | 5% | 105.582
|
| $17,125,000 | 2026 | Serial | 5% | 105.573
|
| $17,425,000 | 2027 | Serial | 5% | 105.336
|
| $17.54 million | 2028 | Serial | 5.25% | 106.089
|
| $17.99 million | 2029 | Serial | 5.25% | 104.45
|
| $17.98 million | 2030 | Serial | 5.25% | 103.734
|
| $18,785,000 | 2031 | Serial | 5.25% | 102.407
|
| $18.9 million | 2032 | Serial | 5.25% | 102.261
|
| $10.58 million | 2033 | Serial | 5.25% | 102.078
|
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