Published on 5/17/2013 in the Prospect News Municipals Daily.
New Issue: Forsyth County School District, Ga., brings $134.72 million G.O. refunding bonds
By Sheri Kasprzak
New York, May 17 - The Forsyth County School District of Georgia priced $134,715,000 of series 2013 general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa1) were sold through senior manager Citigroup Global Markets Inc.
The bonds are due 2016 to 2025 with 4% to 5% coupons and 0.48% to 2.25% yields.
Proceeds will be used to refund the district's series 2005 G.O. bonds for a debt service savings.
| Issuer: | Forsyth County School District
|
| Issue: | Series 2013 general obligation refunding bonds
|
| Amount: | $134,715,000
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc. (lead)
|
| Rating: | Moody's: Aa1
|
| Pricing date: | May 16
|
| Settlement date: | June 13
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,255,000 | 2016 | Serial | 4% | 109.199 | 0.48%
|
| $3,645,000 | 2017 | Serial | 4% | 111.855 | 0.69%
|
| $10.55 million | 2018 | Serial | 5% | 118.664 | 0.88%
|
| $10.99 million | 2019 | Serial | 5% | 120.941 | 1.15%
|
| $15.92 million | 2020 | Serial | 5% | 122.727 | 1.40%
|
| $16,585,000 | 2021 | Serial | 5% | 123.851 | 1.66%
|
| $17.3 million | 2022 | Serial | 5% | 125.116 | 1.84%
|
| $18.03 million | 2023 | Serial | 5% | 126.165 | 2.00%
|
| $18,805,000 | 2024 | Serial | 5% | 124.775 | 2.14%
|
| $19,635,000 | 2025 | Serial | 5% | 123.695 | 2.25%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
