Published on 9/4/2014 in the Prospect News Municipals Daily.
New Issue: Lane County School District No. 4J, Ore., sells $80 million G.O. bonds
By Sheri Kasprzak
New York, Sept. 4 – The Lane County School District No. 4J of Oregon sold $80 million of series 2014 general obligation bonds, according to a pricing sheet.
The bonds (Aa2) were sold competitively, but the issuer did not immediately return calls for the winning bidder Thursday.
The bonds are due 2015 to 2034 with 2% to 5% coupons and 0.16% to 3.26% yields.
Proceeds will be used to replace, renovate, improve, repair and remodel school facilities and other district property; address student safety and security in the district; replace textbooks and instructional materials; acquire technology for classroom instruction and improve technology infrastructure; acquire vehicles; and acquire equipment.
| Issuer: | Lane County School District No. 4J
|
| Issue: | Series 2014 general obligation bonds
|
| Amount: | $80 million
|
| Type: | Competitive
|
| Rating: | Moody’s: Aa2
|
| Pricing date: | Sept. 4
|
| Settlement date: | Sept. 18
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $745,000 | 2015 | Serial | 2% | 101.363 | 0.16%
|
| $150,000 | 2016 | Serial | 4% | 106.367 | 0.33%
|
| $1.37 million | 2018 | Serial | 5% | 115.33 | 0.83%
|
| $1.58 million | 2019 | Serial | 5% | 117.917 | 1.11%
|
| $1,805,000 | 2020 | Serial | 5% | 119.609 | 1.43%
|
| $2.05 million | 2021 | Serial | 5% | 120.791 | 1.72%
|
| $2.31 million | 2022 | Serial | 5% | 121.654 | 1.97%
|
| $2,585,000 | 2023 | Serial | 5% | 122.509 | 2.16%
|
| $2,875,000 | 2024 | Serial | 5% | 123.834 | 2.26%
|
| $3.19 million | 2025 | Serial | 5% | 122.852 | 2.36%
|
| $4,575,000 | 2026 | Serial | 5% | 121.782 | 2.47%
|
| $5.02 million | 2027 | Serial | 4% | 110.076 | 2.81%
|
| $5.44 million | 2028 | Serial | 4% | 109.184 | 2.91%
|
| $5.88 million | 2029 | Serial | 4% | 108.565 | 2.98%
|
| $6.35 million | 2030 | Serial | 4% | 108.038 | 3.04%
|
| $6.84 million | 2031 | Serial | 4% | 107.513 | 3.10%
|
| $8,445,000 | 2032 | Serial | 4% | 106.992 | 3.16%
|
| $9,065,000 | 2033 | Serial | 4% | 106.56 | 3.21%
|
| $9,725,000 | 2034 | Serial | 4% | 106.129 | 3.26%
|
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