Published on 2/24/2012 in the Prospect News Municipals Daily.
New Issue: Hillsborough County School Board, Fla., prices $124.57 million of refunding COPs
By Sheri Kasprzak
New York, Feb. 24 - The Hillsborough County School Board of Florida brought to market $124,565,000 of series 2012A refunding certificates of participation, said a pricing sheet.
The bonds were sold through J.P. Morgan Securities LLC with RBC Capital Markets LLC, Wells Fargo Securities LLC, Bank of America Merrill Lynch and Jefferies & Co. as the co-managers.
The bonds are due 2027 to 2029 with 4% to 5% coupons.
Proceeds will be used to refund the board's series 2002 and 2003B certificates of participation.
| Issuer: | Hillsborough County School Board, Fla.
|
| Issue: | Series 2012A refunding certificates of participation
|
| Amount: | $124,565,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead); RBC Capital Markets LLC, Wells Fargo Securities LLC, Bank of America Merrill Lynch and Jefferies & Co. (co-managers)
|
| Pricing date: | Feb. 23
|
| Settlement date: | April 3
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $550,000 | 2027 | Serial | 4% | 105.137
|
| $39.55 million | 2027 | Serial | 5% | 119.434
|
| $42.1 million | 2028 | Serial | 5% | 119.147
|
| $1.65 million | 2029 | Serial | 4% | 101.999
|
| $40,715,000 | 2029 | Serial | 5% | 118.718
|
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