By Sheri Kasprzak
New York, Aug. 26 - The Public Educational Building Authority of the City of Mobile in Alabama sold $99.06 million in series 2009A limited obligation school bonds, according to a pricing sheet.
The bonds (/AAA/A-1+/) were sold through Gardnyr Michael Capital Inc. Wednesday.
The bonds are due 2012 to 2025 with term bonds due 2029 and 2033. The coupons range from 2% to 5%.
Proceeds will be used to retire the authority's series 2003 school warrants, as well as to pay for a swap termination agreement.
| Issuer: | Public Educational Building Authority of the City of Mobile
|
| Issue: | Series 2009A limited obligation school bonds
|
| Amount: | $99.06 million
|
| Type: | Negotiated
|
| Underwriters: | Gardnyr Michael Capital Inc. (lead)
|
| Rating: | Standard & Poor's: AAA/A-1+
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 2
|
|
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2% | 99.637
|
| 2013 | Serial | 2.25% | 99.333
|
| 2014 | Serial | 2.5% | 98.698
|
| 2015 | Serial | 3% | 99.498
|
| 2016 | Serial | 3.125% | 99.041
|
| 2017 | Serial | 3.25% | 97.782
|
| 2018 | Serial | 3.5% | 98.195
|
| 2019 | Serial | 3.75% | 98.273
|
| 2020 | Serial | 4% | 98.985
|
| 2021 | Serial | 4% | 98.549
|
| 2022 | Serial | 4% | 97.595
|
| 2023 | Serial | 4.125% | 97.124
|
| 2024 | Serial | 4.25% | 97.671
|
| 2025 | Serial | 4.25% | 96.473
|
| 2029 | Term | 4.75% | 96.908
|
| 2033 | Term | 5% | 97.835
|
© 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.
