Published on 9/24/2013 in the Prospect News Municipals Daily.
New Issue: Canyons School District, Utah, brings to market $60 million G.O. bonds
By Sheri Kasprzak
New York, Sept. 24 - The Canyons School District of Utah sold $60 million of series 2013 general obligation bonds, said a pricing sheet.
The bonds (Aaa//AAA) were sold competitively, but the issuer did not return calls for the winning bidder Tuesday.
The bonds are due 2014 to 2033 with 3% to 5% coupons.
Proceeds will be used to finance the acquisition of land, the construction and furnishing of new school facilities and the renovation and improvement of existing facilities.
| Issuer: | Canyons School District
|
| Issue: | Series 2013 general obligation bonds
|
| Amount: | $60 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Sept. 24
|
| Settlement date: | Oct. 9
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.44 million | 2014 | Serial | 3% | 101.931
|
| $660,000 | 2015 | Serial | 3% | 104.495
|
| $675,000 | 2016 | Serial | 3% | 106.268
|
| $690,000 | 2017 | Serial | 3% | 107.628
|
| $700,000 | 2018 | Serial | 3% | 107.746
|
| $725,000 | 2019 | Serial | 3% | 107.518
|
| $760,000 | 2020 | Serial | 5% | 119.575
|
| $790,000 | 2021 | Serial | 5% | 119.925
|
| $835,000 | 2022 | Serial | 5% | 120.44
|
| $3,875,000 | 2023 | Serial | 5% | 120.901
|
| $4.04 million | 2024 | Serial | 5% | 118.916
|
| $4.2 million | 2025 | Serial | 3.25% | 102.084
|
| $4.37 million | 2026 | Serial | 4% | 106.098
|
| $4.55 million | 2027 | Serial | 4% | 104.574
|
| $4,735,000 | 2028 | Serial | 4% | 103.324
|
| $4.93 million | 2029 | Serial | 4% | 102.336
|
| $5.15 million | 2030 | Serial | 4% | 101.441
|
| $5,375,000 | 2031 | Serial | 4% | 100.795
|
| $5,625,000 | 2032 | Serial | 4% | 100.154
|
| $5,875,000 | 2033 | Serial | 4.25% | 101.664
|
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