By Aaron Hochman-Zimmerman
New York, Jan. 27 - Cherry Creek School District No. 5 in Colorado priced $101.775 million of series 2009 general obligation bonds (Aa2/AA/) on Tuesday, according to Jim Manire of James Capital Advisors.
The bonds carry maturities from 2009 to 2028 and yields from 0.75% to 4.88%.
JPMorgan Securities Inc. bested 10 other bidders to purchase the competitive bonds. James Capital Advisors acted as the financial advisor.
Proceeds will be used to renovate, repair and add to existing school facilities, construct new school buildings and improve buildings or grounds.
Cherry Creek is headquartered in Greenwood Village, Colo.
Issuer: Cherry Creek School District No. 5
Issue: Series 2009 G.O. bonds
| Amount: | $101.775 million
|
| Maturities: | 2009 to 2028
|
| Yields: | 0.75% to 4.88%
|
| Type: | Competitive
|
| Bookrunner: | JPMorgan Securities Inc.
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
|
|
| Maturity | Yield
|
| 2009 | 0.75%
|
| 2010 | 1.23%
|
| 2011 | 1.43%
|
| 2012 | 1.56%
|
| 2013 | 1.8%
|
| 2014 | 2.06%
|
| 2015 | 2.28%
|
| 2016 | 2.51%
|
| 2017 | 2.74%
|
| 2018 | 2.97%
|
| 2019 | 3.22%
|
| 2020 | 3.53%
|
| 2021 | 3.88%
|
| 2022 | 4.08%
|
| 2023 | 4.27%
|
| 2024 | 4.41%
|
| 2025 | 4.55%
|
| 2026 | 4.66%
|
| 2027 | 4.77%
|
| 2028 | 4.88%
|
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