Published on 10/28/2015 in the Prospect News Municipals Daily.
New Issue: Columbia County School District, Ga., sells $55 million of G.O. bonds
By Sheri Kasprzak
New York, Oct. 28 – The Columbia County School District of Georgia sold $55 million of series 2015 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through senior manager Raymond James/Morgan Keegan.
The bonds are due 2019 to 2022 with 2.25% to 5% coupons and 0.96% to 1.66% yields.
Proceeds will be used to construct, acquire and equip new school facilities, purchase buses, acquire land for future school sites and repair existing school facilities.
| Issuer: | Columbia County School District
|
| Issue: | Series 2015 general obligation bonds
|
| Amount: | $55 million
|
| Type: | Negotiated
|
| Underwriter: | Raymond James/Morgan Keegan
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 17
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $6,335,000 | 2019 | Serial | 5% | 113.372 | 0.96%
|
| $1,495,000 | 2019 | Serial | 3% | 107.261 | 1.08%
|
| $5 million | 2019 | Serial | 5% | 114.825 | 1.08%
|
| $6,655,000 | 2020 | Serial | 5% | 116.323 | 1.16%
|
| $1.79 million | 2020 | Serial | 3% | 108.049 | 1.29%
|
| $5 million | 2020 | Serial | 5% | 117.463 | 1.29%
|
| $6,925,000 | 2021 | Serial | 5% | 118.794 | 1.36%
|
| $2.1 million | 2021 | Serial | 3% | 108.576 | 1.47%
|
| $5 million | 2021 | Serial | 5% | 119.788 | 1.47%
|
| $7,275,000 | 2022 | Serial | 5% | 120.652 | 1.58%
|
| $2,425,000 | 2022 | Serial | 2.25% | 103.816 | 1.66%
|
| $5 million | 2022 | Serial | 5% | 121.605 | 1.66%
|
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