Published on 4/22/2015 in the Prospect News Municipals Daily.
New Issue: Charleston County School District, S.C., sells $119.99 million of notes
By Sheri Kasprzak
New York, April 22 – The Charleston County School District of South Carolina sold $119,995,000 of series 2015 general obligation bond anticipation notes, according to a pricing sheet.
The notes (MIG 1//) were sold competitively.
The offering included $46,325,000 of series 2015A notes, $49,565,000 of series 2015B notes and $24,105,000 of series 2015C notes.
The 2015A notes are due Nov. 13, 2015 and have a 0.75% coupon priced at 100.334 to yield 0.11%.
The 2015B notes are due May 4, 2016 and have a 2% coupon priced at 101.761 to yield 0.23%.
The 2015C notes are due May 4, 2016 and have a 2% coupon priced at 101.761 to yield 0.23%.
Proceeds will be used to construct, renovate and equip school facilities in the district.
| Issuer: | Charleston County School District, S.C.
|
| Issue: | Series 2015 general obligation bond anticipation notes
|
| Amount: | $119,995,000
|
| Type: | Competitive
|
| Rating: | Moody’s: MIG 1
|
| Pricing date: | April 22
|
| Settlement date: | May 5
|
|
|
| $46,325,000 series 2015A notes
|
| Maturity | Type | Coupon | Price | Yield
|
| Nov. 13, 2015 | Term | 0.75% | 100.334 | 0.11%
|
|
|
| $49,565,000 series 2015B notes
|
| Maturity | Type | Coupon | Price | Yield
|
| May 4, 2016 | Term | 2% | 101.761 | 0.23%
|
|
|
| $24,105,000 series 2015C notes
|
| Maturity | Type | Coupon | Price | Yield
|
| May 4, 2016 | Term | 2% | 101.761 | 0.23%
|
|
|
|
|
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