Published on 3/1/2013 in the Prospect News Municipals Daily.
New Issue: New York Cultural Resources Trust prices $79.18 million Wildlife Conservation bonds
By Sheri Kasprzak
New York, March 1 - The Trust for Cultural Resources of the City of New York priced $79.18 million of series 2013A revenue bonds for the Wildlife Conservation Society, according to a pricing sheet.
The bonds (Aa3/AA-/) were sold through Goldman Sachs & Co.
The bonds are due 2023 to 2028 with term bonds due in 2032, 2033 and 2042. The serial bonds have 5% coupons. The 2032 bonds have a 3.25% coupon priced at 98.25, and the 2033 bonds have a 5% coupon priced at 118.713. The 2042 bonds have a 5% coupon priced at 115.318.
Proceeds will be used to construct, equip, furnish and acquire Wildlife Conservation Society facilities at the Bronx Zoo and at the New York Aquarium.
| Issuer: | Trust for Cultural Resources of the City of New York/Wildlife Conservation Society
|
| Issue: | Series 2013A revenue bonds
|
| Amount: | $79.18 million
|
| Type: | Negotiated
|
| Underwriter: | Goldman Sachs & Co. (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 12
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $645,000 | 2023 | Serial | 5% | 126.08
|
| $680,000 | 2024 | Serial | 5% | 124.293
|
| $715,000 | 2025 | Serial | 5% | 122.331
|
| $750,000 | 2026 | Serial | 5% | 121.111
|
| $790,000 | 2027 | Serial | 5% | 120.305
|
| $295,000 | 2028 | Serial | 5% | 119.506
|
| $4.13 million | 2032 | Term | 3.25% | 98.25
|
| $59.7 million | 2033 | Term | 5% | 118.713
|
| $11,475,000 | 2042 | Term | 5% | 115.318
|
© 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.
