By Aaron Hochman-Zimmerman
New York, March 10 - The City of Wichita in Kansas priced $106.92 million over three tranches, according to debt coordinator Catherine Gilley.
The city priced $28.39 million in series 2009A sales tax refunding bonds with maturities from 2010 to 2017.
The auction was won by Hutchinson Shockey Erley & Co. among four bidders at a TIC of 2.755091%.
The city priced $19.47 million in series 2009B general obligation refunding bonds due from 2009 to 2016.
The auction was won by Stifel, Nicolaus & Co. Inc. among four bidders at a TIC of 2.504210%.
Wichita also priced $59.06 million in series 228 improvement temporary notes due April 8, 2010.
J.P. Morgan Securities Inc. won the auction among six bidders at a TIC of 0.0669137%.
Proceeds will provide temporary financing for capital improvements and to refund the city's series 2002 sales tax bonds, series 754 general obligation bonds sold in 1999, series 763 general obligation bonds sold in 2000 and series 764 and series 766 general obligation bonds sold in 2001.
Issuer: City of Wichita
| Amount: | $106.92 million
|
| Type: | Competitive
|
| Pricing date: | March 10
|
|
|
| Issue: | Series 2009A sales tax refunding bonds
|
| Amount: | $28.39 million
|
| Maturities: | 2010 to 2017
|
| TIC: | 2.755091%
|
| Underwriter: | Hutchinson Shockey Erley & Co.
|
|
|
| Issue: | Series 2009 general obligation refunding bonds
|
| Amount: | $19.47 million
|
| Maturities: | 2009 to 2016
|
| TIC: | 2.504210%.
|
| Underwriter: | Stifel, Nicolaus & Co. Inc.
|
|
|
| Issue: | Series 228 improvement temporary notes
|
| Amount: | $59.06 million
|
| Maturity: | April 8, 2010
|
| TIC: | 0.0669137%
|
| Underwriter: | J.P. Morgan Securities Inc.
|
© 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.
