Published on 11/28/2012 in the Prospect News Municipals Daily.
New Issue: Lansing Unified School District, Kan., prices $78.72 million of G.O.s
By Sheri Kasprzak
New York, Nov. 28 - The Lansing Unified School District of Kansas sold $78.72 million of series 2012 general obligation refunding and improvement bonds, according to a pricing sheet.
The bonds (Aa3) were sold through Piper Jaffray & Co.
The bonds are due 2016 to 2032 with term bonds due in 2035 and 2038. The serial coupons range from 3% to 4%. The 2035 bonds have a split maturity with a 3.25% coupon priced at 98.572 and a 4% coupon priced at 107.571. The 2038 bonds have a split maturity with a 3.375% coupon priced at 98.222 and a 4% coupon priced at 106.363.
Proceeds will be used to refund a portion of the district's series 2005A G.O. bonds and finance the construction of a new high school and other capital projects.
| Issuer: | Lansing Unified School District, Kan.
|
| Issue: | Series 2012 general obligation refunding and improvement bonds
|
| Amount: | $78.72 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co. (lead)
|
| Rating: | Moody's: Aa3
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,265,000 | 2016 | Serial | 3% | 107.922
|
| $1,375,000 | 2017 | Serial | 3% | 109.202
|
| $1.48 million | 2018 | Serial | 4% | 115.552
|
| $1.6 million | 2019 | Serial | 4% | 116.773
|
| $40,000 | 2022 | Serial | 3% | 107.766
|
| $160,000 | 2023 | Serial | 3% | 105.783
|
| $215,000 | 2024 | Serial | 3% | 105.338
|
| $340,000 | 2025 | Serial | 3% | 104.017
|
| $465,000 | 2026 | Serial | 3% | 102.714
|
| $3.62 million | 2027 | Serial | 4% | 112.019
|
| $3.98 million | 2028 | Serial | 4% | 111.474
|
| $4,355,000 | 2029 | Serial | 4% | 110.932
|
| $4,755,000 | 2030 | Serial | 4% | 110.394
|
| $5.18 million | 2031 | Serial | 4% | 109.858
|
| $5,625,000 | 2032 | Serial | 4% | 109.325
|
| $6,755,000 | 2035 | Term | 3.25% | 98.572
|
| $13 million | 2035 | Term | 4% | 107.571
|
| $19,985,000 | 2038 | Term | 3.375% | 98.222
|
| $4,525,000 | 2038 | Term | 4% | 106.363
|
© 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.
