Published on 2/1/2013 in the Prospect News Municipals Daily.
New Issue: San Juan Unified School District, Calif., prices $70 million G.O. bonds
By Sheri Kasprzak
New York, Feb. 1 - The San Juan Unified School District of California sold $70 million of series 2013 general obligation bonds, according to a pricing sheet.
The deal included $50 million of election of 2002 series 2013 bonds and $20 million of election of 2012 series A bonds.
The election of 2002 series 2013 bonds are due 2013 to 2038 with 3% to 5% coupons.
The election of 2012 series A bonds are due 2014 to 2015 with 1% coupons.
The bonds (Aa2) were sold competitively. The issuer did not immediately return calls for the winning bidder.
Proceeds will be used to construct, acquire and equip school facilities in the district.
| Issuer: | San Juan Unified School District
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $70 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 21
|
|
|
| $50 million election of 2002 series 2013 bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.25 million | 2013 | Serial | 5% | 102.108
|
| $1,335,000 | 2014 | Serial | 5% | 106.768
|
| $1.4 million | 2015 | Serial | 5% | 110.919
|
| $1,015,000 | 2016 | Serial | 5% | 114.608
|
| $1.08 million | 2017 | Serial | 5% | 117.822
|
| $1.13 million | 2018 | Serial | 5% | 120.554
|
| $1.19 million | 2019 | Serial | 5% | 122.801
|
| $1.25 million | 2020 | Serial | 5% | 124.167
|
| $1.31 million | 2021 | Serial | 5% | 125.408
|
| $1,375,000 | 2022 | Serial | 5% | 126.191
|
| $1,715,000 | 2023 | Serial | 5% | 124.241
|
| $1.78 million | 2024 | Serial | 5% | 123.279
|
| $1,845,000 | 2025 | Serial | 5% | 122.326
|
| $1,915,000 | 2026 | Serial | 4% | 111.655
|
| $1,985,000 | 2027 | Serial | 3% | 100
|
| $2.06 million | 2028 | Serial | 3% | 99.386
|
| $2.14 million | 2029 | Serial | 3% | 98.718
|
| $2.22 million | 2030 | Serial | 3% | 97.997
|
| $2.3 million | 2031 | Serial | 3% | 97.228
|
| $2,385,000 | 2032 | Serial | 3.25% | 100
|
| $2,475,000 | 2033 | Serial | 3.25% | 99.75
|
| $2.57 million | 2034 | Serial | 3.25% | 99.234
|
| $2,665,000 | 2035 | Serial | 3.375% | 99.608
|
| $2,765,000 | 2036 | Serial | 3.5% | 100
|
| $2.87 million | 2037 | Serial | 3.5% | 99.185
|
| $2,975,000 | 2038 | Serial | 3.5% | 98.341
|
|
|
| $20 million election of 2012 series A bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $14.6 million | 2014 | Serial | 1% | 101.08
|
| $5.4 million | 2015 | Serial | 1% | 101.458
|
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