Published on 6/20/2012 in the Prospect News Municipals Daily.
New Issue: Pasadena Unified School District, Calif., sells $125 million G.O. bonds
By Sheri Kasprzak
New York, June 20 - The Pasadena Unified School District of California sold $125 million of series 2012 general obligation bonds, according to a pricing sheet.
The bonds were sold through RBC Capital Markets LLC.
The bonds are due 2013 to 2032 with term bonds due in 2034 and 2037. The serial coupons range from 0.4% to 5%. The 2034 bonds have a 5% coupon priced at 112.201. The 2037 bonds have a 4.125% coupon priced at par.
Proceeds will be used to finance capital improvements for the district.
| Issuer: | Pasadena Unified School District
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $125 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead)
|
| Pricing date: | June 20
|
| Settlement date: | July 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $5,265,000 | 2013 | Serial | 2% | NRO
|
| $4.35 million | 2014 | Serial | 3% | 104.729
|
| $500,000 | 2014 | Serial | 0.4% | 100
|
| $2,115,000 | 2015 | Serial | 4% | 109.607
|
| $2,565,000 | 2016 | Serial | 1.25% | 101.73
|
| $3,005,000 | 2017 | Serial | 4% | 114.002
|
| $3,555,000 | 2018 | Serial | 5% | 120.574
|
| $2.38 million | 2019 | Serial | 3% | 108.345
|
| $1.8 million | 2019 | Serial | 5% | 121.185
|
| $4.81 million | 2020 | Serial | 5% | 121.715
|
| $3.67 million | 2021 | Serial | 5% | 122.171
|
| $3,855,000 | 2022 | Serial | 5% | 122.737
|
| $4,045,000 | 2023 | Serial | 5% | 120.692
|
| $4.25 million | 2024 | Serial | 5% | 118.783
|
| $4.46 million | 2025 | Serial | 5% | 117.561
|
| $4,685,000 | 2026 | Serial | 5% | 116.909
|
| $4.92 million | 2027 | Serial | 5% | 116.17
|
| $5,165,000 | 2028 | Serial | 5% | 115.345
|
| $5,425,000 | 2029 | Serial | 5% | 114.708
|
| $5,695,000 | 2030 | Serial | 5% | 114.165
|
| $5.98 million | 2031 | Serial | 5% | 113.715
|
| $6.28 million | 2032 | Serial | 5% | 113.178
|
| $13.51 million | 2034 | Term | 5% | 112.201
|
| $22,715,000 | 2037 | Term | 4.125% | 100
|
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