By Sheri Kasprzak
New York, May 15 - The Long Beach Unified School District of California sold $50 million of election of 2008 series C general obligation bonds, according to a pricing sheet.
The bonds (Aa2/AA-/) were sold competitively.
The bonds are due 2013 to 2014 and 2026 to 2037 with 1% to 4% coupons and yields from 0.18% to 3.72%.
Proceeds will be used to construct, equip, renovate and repair district facilities.
| Issuer: | Long Beach Unified School District
|
| Issue: | Election of 2008 series C general obligation bonds
|
| Amount: | $50 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Pricing date: | May 15
|
| Settlement date: | May 30
|
|
|
| Maturity | Type | Coupon | Price | Yield
|
| 2013 | Serial | 1% | 100.138 | 0.18%
|
| 2014 | Serial | 1% | 100.875 | 0.25%
|
| 2026 | Serial | 4% | 112.437 | 2.60%
|
| 2027 | Serial | 4% | 111.678 | 2.68%
|
| 2028 | Serial | 3.125% | 98.509 | 3.25%
|
| 2029 | Serial | 3.25% | 98.142 | 3.40%
|
| 2030 | Serial | 3.375% | 98.775 | 3.47%
|
| 2031 | Serial | 3.5% | 99.596 | 3.53%
|
| 2032 | Serial | 3.5% | 98.893 | 3.58%
|
| 2033 | Serial | 4% | 104.243 | 3.50%
|
| 2034 | Serial | 3.625% | 99.192 | 3.68%
|
| 2035 | Serial | 3.625% | 98.57 | 3.72%
|
| 2036 | Serial | 4% | 102.775 | 3.67%
|
| 2037 | Serial | 4% | 102.348 | 3.72%
|
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