By Sheri Kasprzak
New York, March 27 - The City of Mesa, Ariz., sold $93.97 million of series 2013 excise tax revenue obligations, according to a pricing sheet.
The bonds (Aa3/AA+/) were sold through BofA Merrill Lynch.
The bonds are due 2027 and 2032. The 2027 bonds have a 5% coupon priced at 110.803 and the 2032 bonds have a 5% coupon priced at 112.55.
Proceeds will be used to construct a spring training facility to be initially used by the Chicago Cubs, as well as to renovate the Hohokam Stadium.
| Issuer: | City of Mesa, Ariz.
|
| Issue: | Series 2013 excise tax revenue obligations
|
| Amount: | $93.97 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA+
|
| Pricing date: | March 27
|
| Settlement date: | April 17
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $44.99 million | 2027 | Term | 5% | 110.803
|
| $48.98 million | 2032 | Term | 5% | 112.55
|
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