Published on 10/9/2014 in the Prospect News Municipals Daily.
New Issue: Forsyth County School District, Ga., prices $94.17 million G.O. bonds
By Sheri Kasprzak
New York, Oct. 9 – The Forsyth County School District of Georgia priced $94.17 million of series 2014 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold through Citigroup Global Markets Inc.
The bonds are due 2018 to 2033 with 4% to 5% coupons.
Proceeds will be used to construct, acquire and equip school facilities within the district.
| Issuer: | Forsyth County School District
|
| Issue: | Series 2014 general obligation bonds
|
| Amount: | $94.17 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3.98 million | 2018 | Serial | 5% | 113.641
|
| $4,185,000 | 2019 | Serial | 5% | 116.458
|
| $4.4 million | 2020 | Serial | 5% | 118.624
|
| $4,625,000 | 2021 | Serial | 5% | 120.343
|
| $4.86 million | 2022 | Serial | 5% | 121.566
|
| $5.11 million | 2023 | Serial | 5% | 122.679
|
| $5,375,000 | 2024 | Serial | 5% | 124.314
|
| $5.65 million | 2025 | Serial | 5% | 123.366
|
| $5.94 million | 2026 | Serial | 5% | 122.426
|
| $6,245,000 | 2027 | Serial | 5% | 121.495
|
| $6.56 million | 2028 | Serial | 5% | 120.48
|
| $6,865,000 | 2029 | Serial | 4% | 109.908
|
| $7,145,000 | 2030 | Serial | 4% | 109.223
|
| $7,435,000 | 2031 | Serial | 4% | 108.544
|
| $7.74 million | 2032 | Serial | 4% | 107.786
|
| $8,055,000 | 2033 | Serial | 4% | 107.284
|
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