Published on 3/19/2015 in the Prospect News Municipals Daily.
New Issue: Ventura County Community College, Calif., sells $166.1 million of bonds
By Sheri Kasprzak
New York, March 19 – The Ventura County Community College District of California priced $166.1 million of series 2015 general obligation refunding bonds, said a pricing sheet.
The bonds (Aa2/AA/) were sold through Stifel, Nicolaus & Co.
The bonds are due 2015 to 2033 with 2% to 5% coupons and 0.17% to 3.32% yields.
Proceeds will be used to refund existing G.O. bonds.
| Issuer: | Ventura County Community College District, Calif.
|
| Issue: | Series 2015 general obligation refunding bonds
|
| Amount: | $166.1 million
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co.
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA
|
| Pricing date: | March 19
|
| Settlement date: | April 16
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.31 million | 2015 | Serial | 2% | 100.533 | 0.17%
|
| $940,000 | 2016 | Serial | 3% | 103.477 | 0.30%
|
| $970,000 | 2017 | Serial | 4% | 107.726 | 0.60%
|
| $1.01 million | 2018 | Serial | 4% | 109.757 | 0.98%
|
| $1.05 million | 2019 | Serial | 5% | 115.711 | 1.23%
|
| $1.1 million | 2020 | Serial | 5% | 118.409 | 1.38%
|
| $1,155,000 | 2021 | Serial | 5% | 120.403 | 1.58%
|
| $1,215,000 | 2022 | Serial | 5% | 121.62 | 1.82%
|
| $1,275,000 | 2023 | Serial | 5% | 123.157 | 1.96%
|
| $1.34 million | 2024 | Serial | 5% | 124.456 | 2.09%
|
| $1,405,000 | 2025 | Serial | 5% | 125.344 | 2.23%
|
| $1,475,000 | 2026 | Serial | 5% | 123.581 | 2.40%
|
| $1.55 million | 2027 | Serial | 5% | 122.253 | 2.53%
|
| $1,625,000 | 2028 | Serial | 3.75% | 107.975 | 2.85%
|
| $21.24 million | 2029 | Serial | 5% | 120.542 | 2.70%
|
| $23,325,000 | 2030 | Serial | 5% | 119.945 | 2.76%
|
| $31.72 million | 2031 | Serial | 3.125% | 97.312 | 3.34%
|
| $34,225,000 | 2032 | Serial | 4% | 106.512 | 3.25%
|
| $37.17 million | 2033 | Serial | 4% | 105.883 | 3.32%
|
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