Published on 6/11/2015 in the Prospect News Municipals Daily.
New Issue: Berkeley USD, Calif., sells downsized $23.67 million G.O. bonds
By Sheri Kasprzak
New York, June 11 – The Berkeley Unified School District of California sold $23,665,000 of election of 2010 series 2015D general obligation bonds, according to a pricing sheet. The deal was downsized from $50 million.
The bonds (/AA-/) were sold competitively.
The bonds are due 2016 to 2024 with 2% to 5% coupons and 0.35% to 2.373% yields.
Proceeds will be used to finance, construct, equip and repair school facilities in the district.
| Issuer: | Berkeley Unified School District
|
| Issue: | Election of 2010 series 2015D general obligation bonds
|
| Amount: | $23,665,000
|
| Type: | Competitive
|
| Rating: | Standard & Poor’s: AA-
|
| Pricing date: | June 11
|
| Settlement date: | July 9
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2,515,000 | 2016 | Serial | 5% | 104.92 | 0.35%
|
| $2.65 million | 2017 | Serial | 5% | 108.632 | 0.77%
|
| $2.78 million | 2018 | Serial | 5% | 111.578 | 1.14%
|
| $2.93 million | 2019 | Serial | 5% | 114.248 | 1.38%
|
| $3.09 million | 2020 | Serial | 5% | 116.306 | 1.63%
|
| $3,245,000 | 2021 | Serial | 5% | 117.792 | 1.88%
|
| $3.42 million | 2022 | Serial | 5% | 119.299 | 2.05%
|
| $2.22 million | 2023 | Serial | 2% | 98.5 | 2.204%
|
| $815,000 | 2024 | Serial | 2.25% | 99 | 2.373%
|
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