The featured municipal bond is the City and County of Denver, Colorado, which plans to issue $2,276,100,000 in airport system subordinate revenue bonds the week of August 13, 2018. The bonds are being issued as a two series AMT and Non-AMT tax-exempt obligation, for the purpose of financing the costs of the Airport’s 2018-2022 capital program, refund certain outstanding bonds, fund a reserve fund, pay specified capitalized interest and the cost of issuance. The bonds are being underwritten through negotiation group led by BOFA Merrill Lynch and Citigroup. Payment of principal and interest on the bonds will be secured and payable solely by a subordinate pledge of net revenues on a parity with all other outstanding subordinate bonds and subordinate obligations. In addition, a portion of the bond of up to $500 million is expected to be insured by the Assured Guaranty Municipal Corp..
Details on purposes, tax-status, security, as well as other matters pertaining to this Denver International Airport bond issue can be found in the preliminary official statement, available on MuniOS.
These facts and numbers are for informational purposes, and should not be considered an official disclosure for potential investors. Investors should consult the official statement. None of the information provided should be construed as a recommendation by MuniNet Guide, MuniNet LLC, Merritt Research Services LLC, or any of their employees. Information and analysis is for informational purposes only.