Published on 8/11/2015 in the Prospect News Municipals Daily.
New Issue: Davis School District, Utah, sells $67.03 million G.O. refunding bonds
By Sheri Kasprzak
New York, Aug. 11 – The Davis School District of Utah sold $67,025,000 of series 2015B general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa2) were sold competitively, but the issuer did not immediately respond to requests for the winning bidder Tuesday.
The bonds are due 2016 to 2029 with 2% to 5% coupons and yields from 0.3% to 3%.
Proceeds will be used to refund the district’s series 2008 and 2009 G.O. bonds.
| Issuer: | Davis School District
|
| Issue: | Series 2015B general obligation refunding bonds
|
| Amount: | $67,025,000
|
| Type: | Competitive
|
| Rating: | Moody’s: Aa2
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 27
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $665,000 | 2016 | Serial | 5% | 103.569 | 0.30%
|
| $85,000 | 2017 | Serial | 5% | 107.548 | 0.68%
|
| $3,015,000 | 2018 | Serial | 2% | 102.881 | 0.94%
|
| $4,985,000 | 2019 | Serial | 5% | 114.249 | 1.12%
|
| $5.22 million | 2020 | Serial | 5% | 116.724 | 1.36%
|
| $5.47 million | 2021 | Serial | 2% | 102.081 | 1.62%
|
| $5,605,000 | 2022 | Serial | 5% | 119.438 | 1.92%
|
| $5,895,000 | 2023 | Serial | 5% | 121.144 | 2.04%
|
| $6,185,000 | 2024 | Serial | 5% | 122.465 | 2.17%
|
| $6,495,000 | 2025 | Serial | 4% | 113.657 | 2.35%
|
| $6,735,000 | 2026 | Serial | 3% | 103.688 | 2.55%
|
| $6,935,000 | 2027 | Serial | 3% | 102.441 | 2.70%
|
| $7,145,000 | 2028 | Serial | 3% | 101.21 | 2.85%
|
| $2.59 million | 2029 | Serial | 3% | 100 | 3.00%
|
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