Published on 8/7/2015 in the Prospect News Municipals Daily.
New Issue: Carson Redevelopment, Calif., sells $52.9 million tax allocation bonds
By Sheri Kasprzak
New York, Aug. 7 – The Carson Redevelopment Successor Agency of California sold $52.92 million of series 2015B taxable subordinate refunding tax allocation bonds, according to a pricing sheet.
The bonds (BBB+) were sold through Piper Jaffray & Co. Inc., BOSC Inc. and FTN Financial.
The bonds are due 2017 to 2025 with term bonds due in 2030 and 2036. The serial coupons range from 2.261% to 4.879%, all priced at par. The 2030 bonds have a 5.099% coupon and the 2036 bonds have a 5.405% coupon, both priced at par.
Proceeds will be used to refund $50.59 million of outstanding tax allocation bonds.
| Issuer: | Carson Redevelopment Successor Agency
|
| Issue: | Series 2015B taxable subordinate refunding tax allocation bonds
|
| Amount: | $52.92 million
|
| Type: | Negotiated
|
| Underwriters: | Piper Jaffray & Co. Inc., BOSC Inc. and FTN Financial
|
| Rating: | Standard & Poor’s: BBB+
|
| Pricing date: | Aug. 7
|
| Settlement date: | Aug. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,685,000 | 2017 | Serial | 2.261% | 100
|
| $3,035,000 | 2018 | Serial | 2.748% | 100
|
| $3,105,000 | 2019 | Serial | 3.307% | 100
|
| $3,205,000 | 2020 | Serial | 3.757% | 100
|
| $3,335,000 | 2021 | Serial | 4.031% | 100
|
| $3.47 million | 2022 | Serial | 4.281% | 100
|
| $3.59 million | 2023 | Serial | 4.479% | 100
|
| $3.39 million | 2024 | Serial | 4.679% | 100
|
| $3,495,000 | 2025 | Serial | 4.879% | 100
|
| $13.88 million | 2030 | Term | 5.099% | 100
|
| $9.73 million | 2036 | Term | 5.405% | 100
|
© 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.
