By Sheri Kasprzak
New York, March 25 - The Georgia Environmental Loan Acquisition Corp. sold $202.755 million of series 2011 local government loan securitization bonds, said a pricing sheet.
The bonds (//A) were sold through Morgan Keegan & Co. Inc. The co-managers were Barclays Capital Inc., BB&T Capital Markets, Citigroup Global Markets Inc. and Goldman Sachs & Co.
The bonds are due 2012, 2014, 2016, 2017, 2021 and 2031 with coupons from 0.54% to 5.125%.
Proceeds will be used to acquire environmental loans from the Georgia Environmental Finance Authority to establish a debt service reserve.
| Issuer: | Georgia Environmental Loan Acquisition Corp.
|
| Issue: | Series 2011 local government loan securitization bonds
|
| Amount: | $202.755 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Keegan & Co. Inc. (lead), Barclays Capital Inc., BB&T Capital Markets, Citigroup Global Markets Inc. and Goldman Sachs & Co. (co-managers)
|
| Rating: | Fitch: A
|
| Pricing date: | March 24
|
| Settlement date: | March 30
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $8.645 million | 2012 | Term | 0.54% | 100
|
| $20.64 million | 2014 | Term | 1.375% | 100
|
| $23.375 million | 2016 | Term | 2.4% | 100
|
| $12.365 million | 2017 | Term | 2.75% | 100
|
| $51.23 million | 2021 | Term | 4% | 98.986
|
| $86.5 million | 2031 | Term | 5.125% | 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.
