Published on 9/3/2014 in the Prospect News Municipals Daily.
New Issue: Florida Board of Education sells $220.52 million refunding PECO bonds
By Sheri Kasprzak
New York, Sept. 3 – The Florida Board of Education sold $220.52 million of series 2014C public education capital outlay bonds, according to a pricing sheet.
The bonds are due 2015 to 2035 with 2% to 5% coupons and 0.15% to 3.3% yields.
The bonds were sold competitively, but the winning bidder was not immediately available.
Proceeds will be used to refund a portion of the board of education’s series 2002E and 2005E capital outlay bonds.
| Issuer: | Florida Board of Education
|
| Issue: | Series 2014C public education capital outlay refunding bonds
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| Amount: | $220.52 million
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| Type: | Competitive
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| Pricing date: | Sept. 3
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| Settlement date: | Oct. 2
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| Amount | Maturity | Type | Coupon | Price | Yield
|
| $250,000 | 2015 | Serial | 2% | 101.227 | 0.15%
|
| $8.48 million | 2016 | Serial | 4% | 106.101 | 0.32%
|
| $8,825,000 | 2017 | Serial | 5% | 111.694 | 0.57%
|
| $9.26 million | 2018 | Serial | 5% | 114.977 | 0.84%
|
| $9.72 million | 2019 | Serial | 5% | 117.581 | 1.12%
|
| $10,205,000 | 2020 | Serial | 5% | 119.354 | 1.43%
|
| $10,715,000 | 2021 | Serial | 5% | 120.775 | 1.69%
|
| $11.25 million | 2022 | Serial | 5% | 121.691 | 1.94%
|
| $11,815,000 | 2023 | Serial | 5% | 122.948 | 2.09%
|
| $12.41 million | 2024 | Serial | 5% | 124.056 | 2.22%
|
| $13.02 million | 2025 | Serial | 5% | 123.078 | 2.32%
|
| $13.68 million | 2026 | Serial | 4% | 111.35 | 2.66%
|
| $14.23 million | 2027 | Serial | 4% | 110.363 | 2.77%
|
| $14.79 million | 2028 | Serial | 4% | 109.386 | 2.88%
|
| $15.38 million | 2029 | Serial | 3% | 98.246 | 3.15%
|
| $15,845,000 | 2030 | Serial | 4% | 108.07 | 3.03%
|
| $7,565,000 | 2031 | Serial | 3% | 97 | 3.234%
|
| $7.79 million | 2032 | Serial | 4% | 106.945 | 3.16%
|
| $8.1 million | 2033 | Serial | 4% | 106.515 | 3.21%
|
| $8,425,000 | 2034 | Serial | 4% | 106.088 | 3.26%
|
| $8,765,000 | 2035 | Serial | 4% | 105.748 | 3.30%
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