Published on 1/29/2015 in the Prospect News Municipals Daily.
New Issue: Florida Board of Education sells $233.83 million PECO refunding bonds
By Sheri Kasprzak
New York, Jan. 29 – The Florida Board of Education sold $233,825,000 of series 2015A public education capital outlay bonds, according to a pricing sheet.
The bonds were sold competitively, but the winning bidder was not immediately available Thursday.
The bonds are due 2016 to 2029 with 2.7% to 5% coupons and 0.25% to 2.75% yields.
Proceeds will be used to refund existing PECO bonds.
Issuer: | Florida Board of Education
|
Issue: | Series 2015A public education capital outlay bonds
|
Amount: | $233,825,000
|
Type: | Competitive
|
Pricing date: | Jan. 29
|
Settlement date: | March 5
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$13.47 million | 2016 | Serial | 5% | 105.871 | 0.25%
|
$14,135,000 | 2017 | Serial | 5% | 109.911 | 0.54%
|
$14,845,000 | 2018 | Serial | 5% | 113.504 | 0.77%
|
$15.57 million | 2019 | Serial | 5% | 116.831 | 0.94%
|
$16.34 million | 2020 | Serial | 5% | 119.743 | 1.11%
|
$17.14 million | 2021 | Serial | 5% | 122.101 | 1.30%
|
$17.98 million | 2022 | Serial | 5% | 123.767 | 1.52%
|
$18,865,000 | 2023 | Serial | 5% | 125.442 | 1.68%
|
$19.84 million | 2024 | Serial | 5% | 127.122 | 1.80%
|
$20,865,000 | 2025 | Serial | 5% | 126.247 | 1.89%
|
$21,945,000 | 2026 | Serial | 5% | 125.189 | 2.00%
|
$23.08 million | 2027 | Serial | 2.7% | 100 | 2.70%
|
$9.73 million | 2028 | Serial | 3% | 102.849 | 2.65%
|
$10.02 million | 2029 | Serial | 3% | 102.024 | 2.75%
|
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