New Issue: Alpine School District, Utah, brings $75 million of G.O. school bonds

By Sheri Kasprzak

New York, Sept. 19 - The Alpine School District of Utah sold $75 million of series 2013 general obligation school building bonds, according to a pricing sheet.

The bonds (Aa1) were sold competitively with Wells Fargo Bank, NA winning the bid at a 3.32177% true interest cost, said a market source close to the deal.

The bonds are due 2018 to 2031 with 4% to 5% coupons.

Proceeds will be used to purchase one or more school sites, construct, equip and furnish school facilities and refund existing debt.

Issuer:	Alpine School District, Utah
Issue:	Series 2013 general obligation school building bonds
Amount:	$75 million
Type:	Competitive
Underwriter:	Wells Fargo Bank, NA (winner)
True interest cost:	3.32177%
Rating:	Moody's: Aa1
Pricing date:	Sept. 19
Settlement date:	Oct. 3
Amount	Maturity	Type	Coupon	Price
$3.99 million	2018	Serial	5%	116.417
$4.1 million	2019	Serial	5%	118.077
$4,315,000	2020	Serial	5%	119.403
$4.53 million	2021	Serial	5%	119.978
$4.75 million	2022	Serial	5%	120.541
$5 million	2023	Serial	5%	120.644
$5.25 million	2024	Serial	5%	118.794
$5.45 million	2025	Serial	4%	105.725
$5,675,000	2026	Serial	4%	104.237
$5.9 million	2027	Serial	4%	103.178
$6,125,000	2028	Serial	4%	102.132
$6.38 million	2029	Serial	4%	101.177
$6,635,000	2030	Serial	4%	100.311
$6.9 million	2031	Serial	4%	99.5

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