"Clearly we are gratified by the enthusiastic response of the offering and extremely attractive interest rates we received," said Vernon Evans, chief financial officer at DFW, shortly after the sale in New York City.
"It's clear the market has a positive perception of DFW
, and the favorable market rates are terrific advantages for the Airport."
Last December, the Airport completed the largest bond sale in its history, selling $650 million of joint revenue and refunding bonds.The sale was the largest of any airport post September 11.The effective interest rate then was 5.69-percent, one of the lowest rates in the history of the Airport.
is working with a great team to sell the bonds and the results are a testament to hard work and homework we all do to build a better Airport for our 55 million annual passengers," says Evans
.Bear Stearns & Co.
led the underwriting for the fixed-rate bonds, while both Bear Stearns
and J.P. Morgan Securities Inc.
will underwrite the auction-rate bonds.
Located halfway between the cities of Dallas
and Fort Worth, Texas, DFW
International Airport is the world's third busiest, offering nearly 2,000 flights per day and serving 55 million passengers a year.DFW
International Airport provides non-stop service to 129 domestic and 30 international destinations worldwide.