By Sheri Kasprzak
New York, Feb. 16 - The Davis School District of Utah sold $52.21 million of series 2011 general obligation school building and refunding bonds, according to a pricing sheet.
The sale included $45 million of series 2011A G.O. school building bonds and $7.21 million of series 2011B G.O. refunding bonds.
The bonds (Aa2/Aaa) were sold competitively.
The 2011A bonds are due 2018 to 2031 with 4% to 4.75% coupons. The 2011B bonds are due 2012 to 2014 with coupons from 3% to 4%.
Proceeds will be used to construct, acquire and equip school facilities, as well as to refund the district's series 2001 and 2002B bonds.
| Issuer: | Davis School District
|
| Issue: | Series 2011 general obligation school building and refunding bonds
|
| Amount: | $52.21 million
|
| Type: | Competitive
|
| Rating: | Moody's: Aa2/Aaa
|
| Pricing date: | Feb. 15
|
| Settlement date: | March 1
|
|
|
| $45 million series 2011A
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.445 million | 2018 | Serial | 4% | 109.193
|
| $2.54 million | 2019 | Serial | 4% | 108.016
|
| $2.645 million | 2020 | Serial | 4% | 106.77
|
| $2.75 million | 2021 | Serial | 4% | 105.151
|
| $2.86 million | 2022 | Serial | 4% | 102.735
|
| $2.975 million | 2023 | Serial | 4% | 100.767
|
| $3.095 million | 2024 | Serial | 4% | 99.283
|
| $3.215 million | 2025 | Serial | 4% | 97.761
|
| $3.345 million | 2026 | Serial | 4.25% | 98.888
|
| $3.49 million | 2027 | Serial | 4.5% | 99.423
|
| $3.645 million | 2028 | Serial | 4.625% | 99.699
|
| $3.815 million | 2029 | Serial | 4.75% | 100.235
|
| $3.995 million | 2030 | Serial | 4.75% | 99.245
|
| $4.185 million | 2031 | Serial | 4.75% | 98.206
|
|
|
| $7.21 million series 2011B
|
| Amount | Maturity | Type | Coupon | Price
|
| $400,000 | 2012 | Serial | 3% | 103.212
|
| $3.61 million | 2013 | Serial | 4% | 107.12
|
| $3.2 million | 2014 | Serial | 4% | 108.897
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
