By Sheri Kasprzak
New York, April 15 - The Albuquerque Municipal School District No. 12 sold $124.7 million in series 2009A general obligation bonds, said a sellside source connected to the deal.
The bonds are due 2010 to 2022 with coupons from 3.5% to 5% and yields from 0.75% to 3.9%.
Barclays Capital Inc. was the winning bidder for the competitive sale with a 3.420145% true interest cost.
RBC Capital Markets Corp. was the financial adviser.
The proceeds will be used to construct new school buildings and related facilities.
| Issuer: | Albuquerque Municipal School District No. 12
|
| Issue: | Series 2009A general obligation bonds
|
| Amount: | $124.7 million
|
| Type: | Competitive
|
| Underwriter: | Barclays Capital Inc.
|
| TIC: | 3.420145%
|
| Pricing date: | April 15
|
|
|
| Maturity | Type | Coupon | Yield | Price
|
| 2010 | Serial | 3.5% | 0.75% | 103.278
|
| 2011 | Serial | 4% | 1.12% | 106.239
|
| 2012 | Serial | 4% | 1.35% | 108.270
|
| 2013 | Serial | 4% | 1.73% | 109.155
|
| 2014 | Serial | 3.5% | 2.11% | 106.809
|
| 2015 | Serial | 3.5% | 2.36% | 106.537
|
| 2016 | Serial | 3.5% | 2.60% | 105.872
|
| 2017 | Serial | 4% | 2.83% | 108.505
|
| 2018 | Serial | 5% | 3.06% | 115.449
|
| 2019 | Serial | 3.5% | 3.29% | 101.803
|
| 2020 | Serial | 5% | 3.55% | 112.312
|
| 2021 | Serial | 5% | 3.71% | 110.866
|
| 2022 | Serial | 4% | 3.90% | 100.830
|
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