Published on 9/18/2013 in the Prospect News Municipals Daily.
New Issue: Lexington County School District, S.C., sells $85.18 million G.O. bonds
By Sheri Kasprzak
New York, Sept. 18 - The Lexington County School District No. 1 of South Carolina sold $85.18 million of series 2013B general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA-/) were sold competitively. A spokeswoman for the district did not immediately return calls for the winning bidder.
The bonds are due 2018 and 2020 to 2038 with 3% to 5% coupons and 1.30% to 4.40% yields.
Proceeds will be used to defray the costs of acquiring school facilities and making capital improvements to the district's facilities.
| Issuer: | Lexington County School District No. 1, S.C.
|
| Issue: | Series 2013B general obligation bonds
|
| Amount: | $85.18 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Pricing date: | Sept. 17
|
| Settlement date: | Oct. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1,275,000 | 2018 | Serial | 5% | 115.471 | 1.30%
|
| $1.05 million | 2020 | Serial | 5% | 117.061 | 2.10%
|
| $1,325,000 | 2021 | Serial | 3% | 104.685 | 2.30%
|
| $1.5 million | 2022 | Serial | 5% | 117.836 | 2.60%
|
| $1,525,000 | 2023 | Serial | 4% | 109.775 | 2.80%
|
| $1.55 million | 2024 | Serial | 5% | 115.264 | 3.10%
|
| $1.5 million | 2025 | Serial | 3.375% | 99.763 | 3.40%
|
| $1,575,000 | 2026 | Serial | 3.5% | 99.008 | 3.60%
|
| $4.81 million | 2027 | Serial | 5% | 110.99 | 3.60%
|
| $5.06 million | 2028 | Serial | 5% | 110.99 | 3.70%
|
| $5.29 million | 2029 | Serial | 4% | 100 | 4.00%
|
| $5,505,000 | 2030 | Serial | 4% | 99.402 | 4.05%
|
| $5.73 million | 2031 | Serial | 4% | 98.764 | 4.10%
|
| $5,965,000 | 2032 | Serial | 4% | 98.084 | 4.15%
|
| $6.21 million | 2033 | Serial | 4.125% | 99.009 | 4.20%
|
| $6,475,000 | 2034 | Serial | 4.125% | 98.305 | 4.25%
|
| $6,745,000 | 2035 | Serial | 4.125% | 97.568 | 4.30%
|
| $7,035,000 | 2036 | Serial | 4.25% | 98.575 | 4.35%
|
| $7.36 million | 2037 | Serial | 4.75% | 104.59 | 4.15%
|
| $7,695,000 | 2038 | Serial | 4.25% | 97.768 | 4.40%
|
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