Published on 4/15/2015 in the Prospect News Municipals Daily.
New Issue: Alpine School District, Utah, sells $61.7 million G.O. refunding bonds
By Sheri Kasprzak
New York, April 15 – The Alpine School District of Utah sold $61.71 million of series 2015 general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa1) were sold competitively. The issuer did not immediately respond to requests for the winning bidder Wednesday.
The bonds are due 2018 to 2023 with 5% coupons and yields from 0.85% to 1.79%.
Proceeds will refund the district’s series 2007 and 2008 G.O. bonds.
| Issuer: | Alpine School District
|
| Issue: | Series 2015 general obligation refunding bonds
|
| Amount: | $61.71 million
|
| Type: | Competitive
|
| Rating: | Moody’s: Aa1
|
| Pricing date: | April 15
|
| Settlement date: | April 28
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $4.95 million | 2018 | Serial | 5% | 111.783 | 0.85%
|
| $11,565,000 | 2019 | Serial | 5% | 114.733 | 1.11%
|
| $12.15 million | 2020 | Serial | 5% | 117.44 | 1.30%
|
| $12.76 million | 2021 | Serial | 5% | 119.939 | 1.45%
|
| $13,385,000 | 2022 | Serial | 5% | 121.775 | 1.64%
|
| $6.9 million | 2023 | Serial | 5% | 123.493 | 1.79%
|
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