By Sheri Kasprzak
New York, Dec. 4 - The Washington Bellingham School District No. 501 of Washington State sold $60 million of series 2013 unlimited tax general obligation and refunding bonds, according to a pricing sheet. The offering was downsized from $88 million.
The bonds (/A+/) were sold through senior manager Piper Jaffray & Co.
The bonds are due 2014 and 2027 to 2033. The bonds have coupons from 2% to 5% with 0.2% to 4.18% yields.
Proceeds will be used to finance school capital improvements and refund existing G.O. debt.
| Issuer: | Washington Bellingham School District No. 501
|
| Issue: | Series 2013 unlimited tax general obligation and refunding bonds
|
| Amount: | $60 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co.
|
| Rating: | Standard & Poor's: A+
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1.4 million | 2014 | Serial | 2% | 101.707 | 0.2%
|
| $6.38 million | 2027 | Serial | 5% | 112.063 | 3.55%
|
| $6,975,000 | 2028 | Serial | 5% | 110.912 | 3.68%
|
| $7,615,000 | 2029 | Serial | 5% | 109.863 | 3.8%
|
| $8.29 million | 2030 | Serial | 5% | 108.825 | 3.92%
|
| $9.01 million | 2031 | Serial | 5% | 108.054 | 4.01%
|
| $9.77 million | 2032 | Serial | 4.75% | 104.599 | 4.18%
|
| $10.56 million | 2033 | Serial | 5% | 106.953 | 4.14%
|
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