By Sheri Kasprzak
New York, Oct. 19 - The City of San Antonio priced $50.355 million of series 2011 electric and gas system revenue refunding bonds, according to a pricing sheet.
The bonds (AA/AA+) were sold through Jefferies & Co. The co-managers were Coastal Securities Inc., Cabrera Capital Markets LLC and Siebert Brandford Shank & Co. LLC.
The bonds are due 2016 to 2017 with 5% coupons. The 2016 bonds are priced at 114.672, and the 2017 bonds priced at 116.647.
Proceeds will be used to refund the city's series 2002 electric and gas system revenue bonds.
| Issuer: | City of San Antonio
|
| Issue: | Series 2011 electric and gas system revenue refunding bonds
|
| Amount: | $50.355 million
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. (lead), Coastal Securities Inc., Cabrera Capital Markets LLC and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Ratings: | Standard & Poor's: AA
|
| Fitch AA+
|
| Pricing date: | Oct. 19
|
| Settlement date: | Nov. 1
|
|
|
| Maturity | Type | Coupon | Price
|
| 2016 | Serial | 5% | 114.672
|
| 2017 | Serial | 5% | 116.647
|
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