Published on 11/7/2012 in the Prospect News Municipals Daily.
New Issue: Highline School District No. 401, Wash., prices $69.76 million of G.O.s
By Sheri Kasprzak
New York, Nov. 7 - The Highline School District No. 401 of Washington State priced $69.76 million of series 2012B unlimited tax general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa3//AA+) were sold through Seattle-Northwest Securities Inc.
The bonds are due 2013 to 2025 with 0.35% to 5% coupons.
Proceeds will be used to refund the district's series 2004 and 2006 G.O. bonds.
Issuer: | Highline School District No. 401
|
Issue: | Series 2012B unlimited tax general obligation refunding bonds
|
Amount: | $69.76 million
|
Type: | Negotiated
|
Underwriter: | Seattle-Northwest Securities Inc.
|
Ratings: | Moody's: Aa3
|
| Fitch: AA+
|
Pricing date: | Nov. 6
|
Settlement date: | Dec. 4
|
|
Amount | Maturity | Type | Coupon | Price
|
$660,000 | 2013 | Serial | 0.35% | 100
|
$85,000 | 2014 | Serial | 2% | 103.09
|
$80,000 | 2015 | Serial | 2% | 104.235
|
$590,000 | 2016 | Serial | 2% | 104.946
|
$85,000 | 2017 | Serial | 2% | 105.157
|
$85,000 | 2018 | Serial | 2% | 105.264
|
$400,000 | 2019 | Serial | 1.5% | 101.198
|
$4.81 million | 2019 | Serial | 4% | 117.84
|
$1 million | 2020 | Serial | 3% | 110.542
|
$5.03 million | 2020 | Serial | 4% | 118.019
|
$1.75 million | 2021 | Serial | 2% | 101.403
|
$4.88 million | 2021 | Serial | 4% | 117.915
|
$2,225,000 | 2022 | Serial | 3.25% | 111.174
|
$5.12 million | 2022 | Serial | 4% | 117.932
|
$8.12 million | 2023 | Serial | 4% | 115.677
|
$350,000 | 2024 | Serial | 3% | 103.946
|
$14.24 million | 2024 | Serial | 5% | 124.383
|
$20.25 million | 2025 | Serial | 5% | 123.677
|
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