Published on 4/18/2013 in the Prospect News Municipals Daily.
New Issue: Denver School District No. 1 prices $536.86 million COPs
By Sheri Kasprzak
New York, April 18 - The Denver School District No. 1 of Colorado sold $536,855,000 of series 2013B taxable refunding certificates of participation, according to a pricing sheet.
The COPs (//AA) were sold through RBC Capital Markets LLC.
The certificates are due 2013 to 2028 with a term bond due in 2037. The serial coupons range from 0.35% to 3.748%, all priced at par. The 2037 bonds have a 4.242% coupon priced at par.
Proceeds will be used to construct two new schools, improve streets and athletic fields and refund all outstanding variable-rate COPs.
| Issuer: | Denver School District No. 1
|
| Issue: | Series 2013B taxable refunding certificates of participation
|
| Amount: | $536,855,000
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Rating: | Fitch: AA
|
| Pricing date: | April 18
|
| Settlement date: | April 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,395,000 | 2013 | Serial | 0.35% | 100
|
| $5.15 million | 2014 | Serial | 0.576% | 100
|
| $5,185,000 | 2015 | Serial | 0.776% | 100
|
| $7.83 million | 2016 | Serial | 1.084% | 100
|
| $12,435,000 | 2017 | Serial | 1.444% | 100
|
| $15.49 million | 2018 | Serial | 1.644% | 100
|
| $16.11 million | 2019 | Serial | 2.018% | 100
|
| $16.8 million | 2020 | Serial | 2.168% | 100
|
| $17.54 million | 2021 | Serial | 2.598% | 100
|
| $18.36 million | 2022 | Serial | 2.798% | 100
|
| $19.23 million | 2023 | Serial | 2.948% | 100
|
| $20.16 million | 2024 | Serial | 3.098% | 100
|
| $21.14 million | 2025 | Serial | 3.248% | 100
|
| $22,185,000 | 2026 | Serial | 3.448% | 100
|
| $23,305,000 | 2027 | Serial | 3.598% | 100
|
| $24.5 million | 2028 | Serial | 3.748% | 100
|
| $289.04 million | 2037 | Term | 4.242% | 100
|
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