New Issue: Fremont Unified School District, Calif., sells $140 million G.O. bonds

By Sheri Kasprzak

New York, Nov. 18 – The Fremont Unified School District of California priced $140 million of election of 2014 series A general obligation bonds, said a pricing sheet.

The bonds (Aa2/AA-/) were sold competitively, but the winning bidder was not immediately available Tuesday.

The bonds are due 2015 to 2016 and 2026 to 2039 with a term bond due in 2044. The serial bonds have 4% coupons with 0.13% to 3.69% yields. The 2044 bonds have a 4% coupon priced at par.

Proceeds will be used to repair, upgrade, acquire, construct and equip school district property and facilities.

Issuer:	Fremont Unified School District
Issue:	Election of 2014 series A general obligation bonds
Amount:	$140 million
Type:	Competitive
Ratings:	Moody’s: Aa2
	Standard & Poor’s: AA-
Pricing date:	Nov. 18
Settlement date:	Dec. 9
Amount	Maturity	Type	Coupon	Price	Yield
$18,695,000	2015	Serial	4%	102.492	0.13%
$17,355,000	2016	Serial	4%	105.945	0.37%
$195,000	2026	Serial	4%	107.45	3.10%
$465,000	2027	Serial	4%	106.933	3.16%
$755,000	2028	Serial	4%	106.504	3.21%
$1.07 million	2029	Serial	4%	106.078	3.26%
$1,415,000	2030	Serial	4%	105.484	3.33%
$1.79 million	2031	Serial	4%	104.811	3.41%
$2,195,000	2032	Serial	4%	104.392	3.46%
$2.63 million	2033	Serial	4%	103.976	3.51%
$3,105,000	2034	Serial	4%	103.561	3.56%
$3,615,000	2035	Serial	4%	103.561	3.56%
$4,165,000	2036	Serial	4%	103.231	3.60%
$4,755,000	2037	Serial	4%	102.984	3.63%
$5.39 million	2038	Serial	4%	102.738	3.66%
$6,075,000	2039	Serial	4%	102.492	3.69%
$66.33 million	2044	Term	4%	100	4.00%

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