By Sheri Kasprzak
New York, Nov. 16 - The Virginia Public School Authority sold $86.115 million of series 2011 Montgomery County special obligation school financing bonds, according to a pricing sheet.
The bonds (Aa2/AA/) were sold competitively, but calls to the issuer for the winning bidder were not returned by press time Wednesday evening.
The bonds are due 2013 to 2032 with 4% to 5% coupons.
Proceeds will be used to fund capital improvement school projects in Montgomery County, Va.
| Issuer: | Virginia Public School Authority
|
| Issue: | Series 2011 Montgomery County special obligation school financing bonds
|
| Amount: | $86.115 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Pricing date: | Nov. 16
|
| Settlement date: | Dec. 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.59 million | 2013 | Serial | 4% | 104.067
|
| $1.78 million | 2014 | Serial | 5% | 109.181
|
| $2.105 million | 2015 | Serial | 5% | 112.538
|
| $1 million | 2016 | Serial | 5% | 115.317
|
| $1.585 million | 2017 | Serial | 5% | 117.255
|
| $1.995 million | 2018 | Serial | 5% | 119.067
|
| $2.585 million | 2019 | Serial | 5% | 120.004
|
| $4.34 million | 2020 | Serial | 5% | 120.276
|
| $4.29 million | 2021 | Serial | 5% | 120.611
|
| $6.025 million | 2022 | Serial | 5% | 120.914
|
| $6.085 million | 2023 | Serial | 5% | 120.875
|
| $7.125 million | 2024 | Serial | 5% | 120.629
|
| $6.985 million | 2025 | Serial | 5% | 119.619
|
| $6.005 million | 2026 | Serial | 5% | 119.298
|
| $4.735 million | 2027 | Serial | 5% | 118.909
|
| $6.665 million | 2028 | Serial | 5% | 118.482
|
| $6.135 million | 2029 | Serial | 5% | 117.904
|
| $6.135 million | 2030 | Serial | 5% | 117.332
|
| $4.56 million | 2031 | Serial | 5% | 116.94
|
| $4.39 million | 2032 | Serial | 5% | 116.452
|
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