Published on 10/9/2012 in the Prospect News Municipals Daily.
New Issue: Fontana Unified School District, Calif., sells $87.93 million of G.O. refunding bonds
By Sheri Kasprzak
New York, Oct. 9 - The Fontana Unified School District of California priced $87,925,000 of series 2012 general obligation refunding bonds, said a pricing sheet.
The bonds (Aa3) were sold competitively, but the issuer did not return calls for the winning bidder by press time on Tuesday.
The bonds are due 2013 to 2031 with coupons from 2% to 5%.
Proceeds will be used to make capital improvements to the district's capital facilities, as well as to refund existing G.O.s.
| Issuer: | Fontana Unified School District, Calif.
|
| Issue: | Series 2012 general obligation refunding bonds
|
| Amount: | $87,925,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa3
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 25
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.05 million | 2013 | Serial | 2% | 101.223
|
| $1.7 million | 2014 | Serial | 2% | 102.545
|
| $2.78 million | 2015 | Serial | 3% | 106.432
|
| $3.16 million | 2016 | Serial | 3% | 108.34
|
| $3.49 million | 2017 | Serial | 3% | 109.286
|
| $3.86 million | 2018 | Serial | 5% | 121.109
|
| $4,185,000 | 2019 | Serial | 5% | 122.438
|
| $4.57 million | 2020 | Serial | 4% | 115.641
|
| $4,975,000 | 2021 | Serial | 4% | 114.707
|
| $5,365,000 | 2022 | Serial | 4% | 113.853
|
| $5.82 million | 2023 | Serial | 4% | 113.853
|
| $6.32 million | 2024 | Serial | 4% | 113.853
|
| $6,815,000 | 2025 | Serial | 5% | 113.853
|
| $7,355,000 | 2026 | Serial | 5% | 113.853
|
| $7.99 million | 2027 | Serial | 5% | 113.853
|
| $8.71 million | 2028 | Serial | 3% | 113.853
|
| $6.28 million | 2029 | Serial | 3.125% | 113.853
|
| $1 million | 2030 | Serial | 3.25% | 113.853
|
| $500,000 | 2031 | Serial | 3.25% | 113.853
|
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