Published on 10/28/2013 in the Prospect News Municipals Daily.
New Issue: Community Unit School District No. 300, Ill., sells $59.8 million G.O.s
By Sheri Kasprzak
New York, Oct. 28 - The Community Unit School District No. 300 of Illinois sold $59,815,000 of series 2013 general obligation refunding bonds, according to an official statement.
The bonds (Aa3/AA/) were sold through William Blair & Co.
The bonds are due 2030 to 2033 with 5% to 5.25% coupons and 4.89% to 5.15% yields.
Proceeds will be used to refund the district's series 2001, 2006, 2007, 2010 and 2012 G.O. bonds.
| Issuer: | Community Unit School District No. 300
|
| Issue: | Series 2013 general obligation refunding bonds
|
| Amount: | $59,815,000
|
| Type: | Negotiated
|
| Underwriter: | William Blair & Co. (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA
|
| Pricing date: | Oct. 17
|
| Settlement date: | Nov. 5
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $6.25 million | 2030 | Serial | 5.25% | 4.89%
|
| $8,135,000 | 2031 | Serial | 5.25% | 4.97%
|
| $19.7 million | 2032 | Serial | 5.25% | 5.05%
|
| $21,445,000 | 2033 | Serial | 5.25% | 5.11%
|
| $4,285,000 | 2033 | Serial | 5% | 5.15%
|
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