Published on 5/5/2016 in the Prospect News Municipals Daily.
New Issue: Henry County School District, Ga., sells $214.26 million of G.O. bonds
By Sheri Kasprzak
New York, May 5 – The Henry County School District of Georgia sold $214,255,000 of series 2016 general obligation bonds, said a pricing sheet. The deal was upsized from $205.05 million.
The bonds (Aa2/AA) were sold through Raymond James/Morgan Keegan.
The bonds are due 2023 to 2033 with 3% to 5% coupons and yields from 1.37% to 2.47%.
Proceeds will be used to construct, equip, furnish and upgrade school facilities, as well as to purchase land for future schools, acquire buses and make technology upgrades.
| Issuer: | Henry County School District
|
| Issue: | Series 2016 general obligation bonds
|
| Amount: | $214,255,000
|
| Type: | Negotiated
|
| Underwriter: | Raymond James/Morgan Keegan
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Pricing date: | May 4
|
| Settlement date: | May 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $18.42 million | 2023 | Serial | 5% | 124.805 | 1.37%
|
| $4.16 million | 2024 | Serial | 3% | 111.531 | 1.50%
|
| $3,885,000 | 2025 | Serial | 4% | 120.075 | 1.64%
|
| $13.89 million | 2025 | Serial | 5% | 128.582 | 1.64%
|
| $18.62 million | 2026 | Serial | 5% | 130.019 | 1.77%
|
| $7.05 million | 2027 | Serial | 4% | 119.182 | 1.92%
|
| $12.5 million | 2027 | Serial | 5% | 128.725 | 1.89%
|
| $20.46 million | 2028 | Serial | 4% | 117.662 | 2.07%
|
| $21.28 million | 2029 | Serial | 4% | 116.263 | 2.21%
|
| $22.13 million | 2030 | Serial | 4% | 115.473 | 2.29%
|
| $23.02 million | 2031 | Serial | 4% | 114.884 | 2.35%
|
| $23.94 million | 2032 | Serial | 4% | 114.299 | 2.41%
|
| $24.9 million | 2033 | Serial | 4% | 113.718 | 2.47%
|
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