Published on 8/21/2012 in the Prospect News Municipals Daily.
New Issue: Canyons School District Board of Education, Utah, prices $68 million of G.O.s
By Sheri Kasprzak
New York, Aug. 21 - The Canyons School District Board of Education of Utah priced $68 million of series 2012 general obligation bonds, according to a pricing sheet.
The bonds (Aaa//AAA) were sold competitively but the issuer did not return calls Tuesday for the winning bidder.
The bonds are due 2012 to 2031 with 2.5% to 4.5% coupons.
Proceeds will be used to finance the costs to acquire land and construct and furnish new school facilities and to renovate and improve existing school facilities.
| Issuer: | Canyons School District Board of Education
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $68 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Aug. 21
|
| Settlement date: | Sept. 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.02 million | 2012 | Serial | 2.5% | 102.499
|
| $2,555,000 | 2013 | Serial | 3% | 104.864
|
| $2.62 million | 2014 | Serial | 3% | 105.72
|
| $2,685,000 | 2015 | Serial | 2% | 102.065
|
| $2,765,000 | 2016 | Serial | 3% | 105.262
|
| $2,845,000 | 2017 | Serial | 3% | 104.548
|
| $2,935,000 | 2018 | Serial | 3% | 103.806
|
| $3.02 million | 2019 | Serial | 3% | 102.412
|
| $3.11 million | 2020 | Serial | 4% | 108.902
|
| $3.22 million | 2021 | Serial | 4% | 107.811
|
| $3.35 million | 2022 | Serial | 4% | 104.426
|
| $3,485,000 | 2023 | Serial | 4% | 102.952
|
| $3.62 million | 2024 | Serial | 4% | 101.672
|
| $3,765,000 | 2025 | Serial | 4% | 100.411
|
| $3.92 million | 2026 | Serial | 4% | 99.431
|
| $4,075,000 | 2027 | Serial | 4% | 98.239
|
| $4.24 million | 2028 | Serial | 4.125% | 98.48
|
| $4.4 million | 2029 | Serial | 4.25% | 98.746
|
| $4.59 million | 2030 | Serial | 4.5% | 100
|
| $4.78 million | 2031 | Serial | 4.5% | 98.687
|
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