New Issue: Howell Public Schools, Mich., sells $74.06 million G.O. refunding bonds

By Sheri Kasprzak

New York, May 8 - The Howell Public Schools of Michigan sold $74,055,000 of series 2012 unlimited tax general obligation refunding bonds, according to a pricing sheet.

The bonds were sold through lead manager Fifth Third Securities Inc. with Edward D. Jones & Co. LP and Stifel, Nicolaus & Co. Inc. as the co-managers.

The bonds are due 2014 to 2029 with 3% to 5% coupons.

Proceeds will be used to refund existing G.O. bonds.

Issuer:	Howell Public Schools, Mich.
Issue:	Series 2012 unlimited tax general obligation refunding bonds
Amount:	$74,055,000
Type:	Negotiated
Underwriter:	Fifth Third Securities Inc. (lead), Edward D. Jones & Co. LP and Stifel, Nicolaus & Co. Inc. (co-managers)
Pricing date:	May 3
Settlement date:	June 15
Amount	Maturity	Type	Coupon	Price
$2.81 million	2014	Serial	3%	104.072
$2,915,000	2015	Serial	3%	105.6
$3.02 million	2016	Serial	4%	110.097
$3.17 million	2017	Serial	4%	111.465
$3,315,000	2018	Serial	4%	112.216
$3.53 million	2019	Serial	4%	112.516
$3.73 million	2020	Serial	4%	112.106
$5.64 million	2021	Serial	4%	111.536
$5,645,000	2022	Serial	5%	119.822
$5,705,000	2023	Serial	4%	109.206
$5,705,000	2024	Serial	4.25%	109.985
$5.72 million	2025	Serial	4.25%	108.74
$5,735,000	2026	Serial	4.5%	110.219
$5,785,000	2027	Serial	4.5%	109.335
$5.81 million	2028	Serial	4.5%	108.461
$5.82 million	2029	Serial	4.5%	107.853

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