New Issue: Davie County, N.C., sells $54.5 million general obligation school bonds

By Sheri Kasprzak

New York, April 21 – Davie County, N.C., sold $54.5 million of series 2015 general obligation school bonds, according to a pricing sheet.

The bonds (Aa2/AA/) were sold competitively, but the issuer did not immediately return calls for the winning bidder.

The bonds are due 2016 to 2032 with 2% to 5% coupons and 0.25% to 3.11% yields.

Proceeds will be used to finance various public school improvements throughout the county.

Issuer:	Davie County, N.C.
Issue:	Series 2015 general obligation school bonds
Amount:	$54.5 million
Type:	Competitive
Ratings:	Moody’s: Aa2
	Standard & Poor’s: AA
Pricing date:	April 21
Settlement date:	May 12
Amount	Maturity	Type	Coupon	Price	Yield
$2,285,000	2016	Serial	3%	102.661	0.25%
$2,345,000	2017	Serial	4%	106.687	0.58%
$2,375,000	2018	Serial	5%	111.923	0.92%
$2,425,000	2019	Serial	5%	114.812	1.17%
$2,485,000	2020	Serial	5%	117.485	1.35%
$2,575,000	2021	Serial	5%	119.913	1.50%
$2,645,000	2022	Serial	2%	101.765	1.73%
$2,645,000	2023	Serial	5%	123.24	1.85%
$2.72 million	2024	Serial	5%	124.52	2.00%
$3,405,000	2025	Serial	5%	125.962	2.10%
$4,325,000	2026	Serial	5%	124.637	2.23%
$4,445,000	2027	Serial	4%	113.163	2.50%
$4,515,000	2028	Serial	4%	111.573	2.67%
$4.58 million	2029	Serial	4%	110.558	2.78%
$4,655,000	2030	Serial	4%	109.918	2.85%
$3,075,000	2031	Serial	3%	99.37	3.05%
$3 million	2032	Serial	3%	98.557	3.11%

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