Published on 3/12/2015 in the Prospect News Municipals Daily.
New Issue: Issaquah School District No. 411, Wash., prices $150.76 million bonds
By Sheri Kasprzak
New York, March 12 – The Issaquah School District No. 411 of Washington State priced $150,755,000 of series 2015 unlimited tax general obligation and refunding bonds, according to a pricing sheet.
The bonds (Aaa/AA+/) were sold through Piper Jaffray & Co.
The bonds are due 2016 to 2028 with 2% to 5% coupons.
Proceeds will be used to finance school capital improvement projects and refund existing G.O. debt.
| Issuer: | Issaquah School District No. 411
|
| Issue: | Series 2015 unlimited tax general obligation and refunding bonds
|
| Amount: | $150,755,000
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co.
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AA+
|
| Pricing date: | March 11
|
| Settlement date: | March 24
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2 million | 2016 | Serial | 2% | 102.447
|
| $6,605,000 | 2016 | Serial | 4% | 105.799
|
| $9,555,000 | 2017 | Serial | 5% | 110.912
|
| $3.75 million | 2018 | Serial | 4% | 109.951
|
| $3,535,000 | 2018 | Serial | 5% | 113.544
|
| $6,975,000 | 2019 | Serial | 5% | 115.681
|
| $5.7 million | 2020 | Serial | 2% | 101.346
|
| $5,505,000 | 2021 | Serial | 5% | 119.099
|
| $4 million | 2022 | Serial | 4% | 113.191
|
| $3,815,000 | 2022 | Serial | 5% | 120.246
|
| $20,765,000 | 2023 | Serial | 5% | 121.233
|
| $18.95 million | 2024 | Serial | 5% | 122.445
|
| $22.6 million | 2025 | Serial | 5% | 122.456
|
| $20.5 million | 2027 | Serial | 3% | 100.346
|
| $16.5 million | 2028 | Serial | 3.5% | 104.089
|
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