New Issue: Holland School District, Mich., prices $55.1 million of refunding bonds

By Sheri Kasprzak

New York, May 28 - Holland School District of Michigan sold $55.1 million of series 2014 unlimited tax general obligation refunding bonds, according to a pricing sheet.

The bonds (/AA/) were sold through Huntington Investment Co. and Stifel, Nicolaus & Co.

The bonds are due 2020 to 2035 with 2.5% to 5% coupons and 1.85% to 4.00% yields.

Proceeds will be used to refund the district's series 2010B school building and site bonds.

Issuer:	Holland School District
Issue:	Series 2014 unlimited tax general obligation refunding bonds
Amount:	$55.1 million
Type:	Negotiated
Underwriters:	Huntington Investment Co. and Stifel, Nicolaus & Co.
Rating:	Standard & Poor's: AA
Pricing date:	May 22
Settlement date:	June 12
Amount	Maturity	Type	Coupon	Price	Yield
$3,395,000	2020	Serial	4%	111.936	1.85%
$3.4 million	2021	Serial	2.5%	102.034	2.18%
$3,355,000	2022	Serial	4%	111.203	2.43%
$3,355,000	2023	Serial	5%	118.407	2.66%
$3,385,000	2024	Serial	5%	118.691	2.82%
$3.41 million	2025	Serial	5%	117.652	2.93%
$3,435,000	2026	Serial	5%	116.531	3.05%
$3.45 million	2027	Serial	5%	115.699	3.14%
$3.47 million	2028	Serial	5%	114.874	3.23%
$3,485,000	2029	Serial	5%	114.056	3.32%
$3.53 million	2030	Serial	3.5%	97.964	3.67%
$3,495,000	2031	Serial	5%	112.708	3.47%
$3.51 million	2032	Serial	3.625%	97.486	3.82%
$3,475,000	2033	Serial	5%	111.467	3.61%
$3.49 million	2034	Serial	3.75%	97.394	3.94%
$3.46 million	2035	Serial	4%	100	4.00%

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