By Sheri Kasprzak
New York, Nov. 6 - The Bellevue School District No. 405 of Washington priced $100 million of series 2013 unlimited tax general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold competitively. Citigroup Global Markets Inc. won the bid at a 3.214945% true interest cost.
The bonds are due 2014 to 2032 with 1.75% to 5% coupons.
Proceeds will be used to finance the construction of and capital improvements to school facilities within the district.
| Issuer: | Bellevue School District No. 405
|
| Issue: | Series 2013 unlimited tax general obligation bonds
|
| Amount: | $100 million
|
| Type: | Competitive
|
| Underwriter: | Citigroup Global Markets Inc. (winner)
|
| TIC: | 3.214945%
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | Nov. 5
|
| Settlement date: | Dec. 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $20.5 million | 2014 | Serial | 5% | 104.786
|
| $3.1 million | 2015 | Serial | 3% | 105.221
|
| $3.2 million | 2016 | Serial | 5% | 113.134
|
| $3.3 million | 2017 | Serial | 5% | 116.179
|
| $3.4 million | 2018 | Serial | 1.75% | 102.904
|
| $3.5 million | 2019 | Serial | 5% | 119.866
|
| $3.6 million | 2020 | Serial | 5% | 120.359
|
| $3.7 million | 2021 | Serial | 5% | 120.423
|
| $3.9 million | 2022 | Serial | 5% | 120.741
|
| $4.1 million | 2023 | Serial | 5% | 120.417
|
| $4.3 million | 2024 | Serial | 5% | 118.871
|
| $4.5 million | 2025 | Serial | 5% | 117.348
|
| $4.8 million | 2026 | Serial | 4% | 106.444
|
| $5 million | 2027 | Serial | 4% | 104.529
|
| $5.3 million | 2028 | Serial | 4% | 102.993
|
| $5.5 million | 2029 | Serial | 4.25% | 104.56
|
| $5.8 million | 2030 | Serial | 4.25% | 103.544
|
| $6.1 million | 2031 | Serial | 4.25% | 102.79
|
| $6.4 million | 2032 | Serial | 4.25% | 102.042
|
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