Published on 6/23/2011 in the Prospect News Municipals Daily.
New Issue: Lincoln County School District, Ore., prices $63 million G.O. bonds
By Sheri Kasprzak
New York, June 23 - The Lincoln County School District of Oregon priced $63 million of series 2011 general obligation bonds, said a pricing sheet.
The offering included $48 million of series 2011A tax-exempt bonds and $15 million of series 2011B taxable qualified school construction bonds.
The 2011A bonds are due 2013 to 2024 with 2% to 5% coupons. The 2011B bonds are due June 15, 2026 with a 4.778% coupon priced at par.
Seattle-Northwest Securities Corp. was the senior manager for the bond sale.
Proceeds will be used to finance renovations and improvements to schools, as well as construct new school facilities.
| Issuer: | Lincoln County School District
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $63 million
|
| Type: | Negotiated
|
| Underwriter: | Seattle-Northwest Securities Corp.
|
| Pricing date: | June 22
|
| Settlement date: | July 7
|
|
|
| $48 million series 2011A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.09 million | 2013 | Serial | 3% | 104.738
|
| $1 million | 2013 | Serial | 5% | 108.59
|
| $1.76 million | 2014 | Serial | 2% | 103.389
|
| $1 million | 2014 | Serial | 3% | 106.287
|
| $3.055 million | 2015 | Serial | 2.5% | 105.183
|
| $625,000 | 2016 | Serial | 3% | 107.311
|
| $2.745 million | 2016 | Serial | 4% | 112.059
|
| $1.175 million | 2017 | Serial | 2% | 100.614
|
| $2.46 million | 2017 | Serial | 3% | 106.207
|
| $545,000 | 2018 | Serial | 2% | 98.528
|
| $1.49 million | 2018 | Serial | 3% | 104.923
|
| $1.845 million | 2018 | Serial | 4% | 111.319
|
| $1.7 million | 2019 | Serial | 3.5% | 106.565
|
| $85,000 | 2019 | Serial | 4% | 110.133
|
| $2.38 million | 2019 | Serial | 5% | 117.27
|
| $10,000 | 2020 | Serial | 3.5% | 105.338
|
| $430,000 | 2020 | Serial | 4% | 109.264
|
| $4.055 million | 2020 | Serial | 5% | 116.374
|
| $110,000 | 2021 | Serial | 3.25% | 102.053
|
| $1.21 million | 2021 | Serial | 4% | 108.213
|
| $3.555 million | 2021 | Serial | 5% | 116.426
|
| $195,000 | 2022 | Serial | 4% | 107.734
|
| $5.07 million | 2022 | Serial | 5% | 116.625
|
| $5.69 million | 2023 | Serial | 5% | 116.471
|
| $4.72 million | 2024 | Serial | 4% | 103.691
|
|
|
| $15 million series 2011B taxable qualified school construction bonds
|
| Maturity | Type | Coupon | Price
|
| June 15, 2026 | Term | 4.778% | 100
|
© 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.
