By Sheri Kasprzak
New York, Nov. 3 – The City of San Antonio priced $235 million of series 2015 electric and gas system revenue bonds, according to a pricing sheet.
The bonds (Aa1/AA/AA+) were sold through senior managers Wells Fargo Securities LLC and Frost Bank.
The bonds are due 2026 to 2039 with 3% to 5% coupons and yields from 2.33% to 3.66%.
Proceeds will be used to construct, equip, improve and extend the city’s gas and electric systems.
| Issuer: | City of San Antonio
|
| Issue: | Series 2015 electric and gas system revenue bonds
|
| Amount: | $235 million
|
| Type: | Negotiated
|
| Underwriters: | Wells Fargo Securities LLC and Frost Bank (lead)
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA
|
| Fitch: AA+
|
| Pricing date: | Nov. 3
|
|
|
| Maturity | Type | Coupon | Price | Yield
|
| 2026 | Serial | 5% | 124.03 | 2.33%
|
| 2027 | Serial | 3% | 103.73 | 2.58%
|
| 2028 | Serial | 3% | 101.667 | 2.81%
|
| 2029 | Serial | 3.25% | 102.261 | 2.99%
|
| 2030 | Serial | 3.2% | 100 | 3.20%
|
| 2031 | Serial | 3.35% | 100.339 | 3.31%
|
| 2032 | Serial | 5% | 118.073 | 2.93%
|
| 2033 | Serial | 4% | 105.555 | 3.35%
|
| 2034 | Serial | 4% | 104.851 | 3.43%
|
| 2035 | Serial | 4% | 104.414 | 3.48%
|
| 2036 | Serial | 4% | 103.98 | 3.53%
|
| 2037 | Serial | 4% | 103.461 | 3.59%
|
| 2038 | Serial | 4% | 103.116 | 3.63%
|
| 2039 | Serial | 4% | 102.859 | 3.66%
|
© 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.
