Published on 12/16/2014 in the Prospect News Municipals Daily.
New Issue: Tampa Sports Authority prices $82.26 million refunding revenue bonds
By Sheri Kasprzak
New York, Dec. 16 – The Tampa Sports Authority priced $82.26 million of series 2015 local option sales tax refunding revenue bonds, according to a pricing sheet.
The offering included $63.02 million of series 2015A bonds and $19.24 million of series 2015B bonds.
The 2015A bonds are due 2018 to 2027 with 4% to 5% coupons and 0.9% to 2.59% yields. The 2015B bonds are due 2015 to 2027 with 3% to 5% coupons and 0.2% to 2.73% yields.
Proceeds will be used to refund all of the authority’s series 2005 refunding revenue bonds.
| Issuer: | Tampa Sports Authority
|
| Issue: | Series 2015 local option sales tax refunding revenue bonds
|
| Amount: | $82.26 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa2
|
| Fitch: AA+
|
| Pricing date: | Dec. 16
|
| Settlement date: | Jan. 6
|
|
|
| $63.02 million series 2015A bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1 million | 2018 | Serial | 5% | 112.053 | 0.90%
|
| $5.42 million | 2019 | Serial | 5% | 114.747 | 1.20%
|
| $6.16 million | 2020 | Serial | 5% | 116.754 | 1.50%
|
| $6.47 million | 2021 | Serial | 5% | 118.706 | 1.70%
|
| $6.79 million | 2022 | Serial | 5% | 120.191 | 1.90%
|
| $7.13 million | 2023 | Serial | 5% | 121.629 | 2.05%
|
| $7.49 million | 2024 | Serial | 5% | 123.635 | 2.10%
|
| $7,865,000 | 2025 | Serial | 5% | 124.979 | 2.20%
|
| $8.26 million | 2026 | Serial | 5% | 123.967 | 2.30%
|
| $6,435,000 | 2027 | Serial | 4% | 112.336 | 2.59%
|
|
|
| $19.24 million series 2015B bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $635,000 | 2015 | Serial | 4% | 101.845 | 0.20%
|
| $635,000 | 2016 | Serial | 4% | 103.691 | 0.25%
|
| $650,000 | 2016 | Serial | 4% | 105.344 | 0.39%
|
| $665,000 | 2017 | Serial | 4% | 106.846 | 0.53%
|
| $675,000 | 2017 | Serial | 4% | 108.248 | 0.65%
|
| $690,000 | 2018 | Serial | 4% | 109.144 | 0.89%
|
| $705,000 | 2018 | Serial | 5% | 113.633 | 1.01%
|
| $720,000 | 2019 | Serial | 5% | 114.747 | 1.20%
|
| $740,000 | 2019 | Serial | 5% | 115.978 | 1.32%
|
| $760,000 | 2020 | Serial | 5% | 116.754 | 1.50%
|
| $775,000 | 2020 | Serial | 5% | 117.731 | 1.61%
|
| $795,000 | 2021 | Serial | 4% | 113.037 | 1.70%
|
| $810,000 | 2021 | Serial | 4% | 113.476 | 1.79%
|
| $830,000 | 2022 | Serial | 4% | 113.537 | 1.92%
|
| $845,000 | 2022 | Serial | 4% | 113.84 | 2.00%
|
| $860,000 | 2023 | Serial | 4% | 114.139 | 2.07%
|
| $880,000 | 2023 | Serial | 4% | 114.53 | 2.12%
|
| $895,000 | 2024 | Serial | 3% | 106.827 | 2.16%
|
| $910,000 | 2024 | Serial | 3% | 106.815 | 2.20%
|
| $925,000 | 2025 | Serial | 3% | 106.213 | 2.30%
|
| $940,000 | 2025 | Serial | 3% | 105.755 | 2.35%
|
| $950,000 | 2026 | Serial | 3% | 104.394 | 2.50%
|
| $965,000 | 2026 | Serial | 3% | 103.944 | 2.55%
|
| $985,000 | 2027 | Serial | 3% | 102.345 | 2.73%
|
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