Published on 2/27/2013 in the Prospect News Municipals Daily.
New Issue: Bend-La Pine school district, Ore., adds info on $81.05 million G.O.s
By Sheri Kasprzak
New York, Feb. 27 - The Bend-La Pine Administrative School District No. 1 of Oregon sold $81.05 million of series 2013 general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa2) were sold competitively. Janney Montgomery Scott LLC won the bid for the bonds.
The bonds are due 2013 and 2018 to 2024 with 2% to 5% coupons.
Proceeds will be used to give district a debt service savings.
| Issuer: | Bend-La Pine Administrative School District No. 1
|
| Issue: | Series 2013 general obligation refunding bonds
|
| Amount: | $81.05 million
|
| Type: | Competitive
|
| Underwriter: | Janney Montgomery Scott LLC (winner)
|
| Ratings: | Moody's: Aa2
|
| Pricing date: | Feb. 21
|
| Settlement date: | March 7
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $960,000 | 2013 | Serial | 2% | 100.489
|
| $8,485,000 | 2018 | Serial | 4% | 115.257
|
| $9,315,000 | 2019 | Serial | 5% | 122.215
|
| $14.8 million | 2020 | Serial | 5% | 99.504
|
| $11,335,000 | 2021 | Serial | 4% | 117.087
|
| $12,335,000 | 2022 | Serial | 5% | 125.753
|
| $13.53 million | 2023 | Serial | 5% | 126.455
|
| $10.29 million | 2024 | Serial | 2.25% | 123.483
|
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