Published on 4/26/2012 in the Prospect News Municipals Daily.
New Issue: School District No. 112 of Chaska, Minn., sells $47.83 million of bonds
By Sheri Kasprzak
New York, April 26 - The Independent School District No. 112 of Chaska, Minn., priced $47.83 million of series 2012A general obligation alternative facilities and refunding bonds, according to a term sheet. The offering was downsized from $54.17 million.
The bonds are due 2013 to 2025 with 2% to 5% coupons and 0.59% to 2.39% yields.
The bonds were sold competitively, but calls to the issuer for the winning bidder were not immediately returned.
Proceeds will be used to finance capital improvements to school property in the district and refund debt.
| Issuer: | Independent School District No. 112 of Chaska, Minn.
|
| Issue: | Series 2012A general obligation alternative facilities and refunding bonds
|
| Amount: | $47.83 million
|
| Type: | Competitive
|
| Pricing date: | April 26
|
| Settlement date: | May 24
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $855,000 | 2013 | Serial | 2% | NRO
|
| $2.13 million | 2014 | Serial | 3% | NRO
|
| $2.13 million | 2015 | Serial | 2% | 0.59%
|
| $2.07 million | 2016 | Serial | 2% | 0.82%
|
| $4.46 million | 2017 | Serial | 2% | 1.03%
|
| $4,525,000 | 2018 | Serial | 2% | 1.25%
|
| $4.29 million | 2019 | Serial | 5% | 1.45%
|
| $4,435,000 | 2020 | Serial | 5% | 1.68%
|
| $4.67 million | 2021 | Serial | 5% | 1.94%
|
| $4,975,000 | 2022 | Serial | 5% | 2.10%
|
| $4,295,000 | 2023 | Serial | 4% | 2.31%
|
| $4,345,000 | 2024 | Serial | 5% | 2.20%
|
| $4.66 million | 2025 | Serial | 5% | 2.39%
|
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