By Cristal Cody
Springdale, Ark., Aug. 1 - Hayward Unified School District in California sold $100 million general obligation bonds with a 5.022% true interest cost, according to pricing details released Friday.
The series 2008 bonds (/AA-/) priced with 5% to 7% coupons to yield 1.85% to 5.04%.
The bonds have serial maturities in 2009, 2010 and 2021 through 2029 and a term bond due in 2033.
Citigroup Global Markets was the winning bidder in the competitive sale.
Proceeds will be used to acquire and renovate school facilities.
| Issuer: | Hayward Unified School District (California)
|
| Issue: | Series 2008 general obligation bonds
|
| Amount: | $100 million
|
| Type: | Competitive
|
| True interest cost: | 5.022%
|
| Underwriter: | Citigroup Global Markets
|
| Rating: | Standard & Poor's: AA-
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 14
|
|
|
| G.O. bonds
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 7% | 1.85%
|
| 2010 | Serial | 4.5% | 2.24%
|
| 2021 | Serial | 4.25% | 4.4%
|
| 2022 | Serial | 5% | 4.51%
|
| 2023 | Serial | 5% | 4.57%
|
| 2024 | Serial | 5% | 4.63%
|
| 2025 | Serial | 5% | 4.69%
|
| 2026 | Serial | 5% | 4.75%
|
| 2027 | Serial | 5% | 4.8%
|
| 2028 | Serial | 5.25% | 4.8%
|
| 2029 | Serial | 5.25% | 4.85%
|
| 2033 | Term | 5% | 5.04%
|
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