Published on 3/7/2014 in the Prospect News Municipals Daily.
New Issue: Anaheim City School District, Calif., sells $51.09 million G.O. bonds
By Sheri Kasprzak
New York, March 7 - The Anaheim City School District of California sold $51,085,000 of series 2014 general obligation refunding bonds, according to a pricing sheet.
The offering included $5,375,000 of series 2014A bonds and $45.71 million of series 2014B taxable bonds.
The 2014A bonds are due 2016 to 2023 with 4% to 5% coupons and yields from 0.39% to 2.72%.
The 2014B bonds are due 2014 to 2023 with coupons from 0.496% to 3.825% all priced at par.
The bonds (Aa3/A+/) were sold through lead manager Citigroup Global Markets Inc.
Proceeds will be used to refund the district's series 2005 G.O. refunding bonds.
| Issuer: | Anaheim City School District, Calif.
|
| Issue: | Series 2014 general obligation refunding bonds
|
| Amount: | $51,085,000
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc. (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Pricing date: | March 6
|
| Settlement date: | March 26
|
|
|
| $5,375,000 series 2014A bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $465,000 | 2016 | Serial | 4% | 108.426 | 0.39%
|
| $405,000 | 2017 | Serial | 4% | 111.144 | 0.63%
|
| $570,000 | 2018 | Serial | 4% | 112.821 | 0.98%
|
| $630,000 | 2019 | Serial | 5% | 119.051 | 1.30%
|
| $705,000 | 2020 | Serial | 5% | 119.375 | 1.76%
|
| $780,000 | 2021 | Serial | 5% | 119.275 | 2.15%
|
| $865,000 | 2022 | Serial | 5% | 118.809 | 2.49%
|
| $955,000 | 2023 | Serial | 5% | 118.703 | 2.72%
|
|
|
| $45.71 million series 2014B taxable bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $560,000 | 2014 | Serial | 0.496% | 100 | 0.496%
|
| $685,000 | 2015 | Serial | 0.645% | 100 | 0.645%
|
| $4.32 million | 2016 | Serial | 0.895% | 100 | 0.895%
|
| $3.84 million | 2017 | Serial | 1.364% | 100 | 1.364%
|
| $4.94 million | 2018 | Serial | 1.961% | 100 | 1.961%
|
| $5.32 million | 2019 | Serial | 2.361% | 100 | 2.361%
|
| $5,745,000 | 2020 | Serial | 2.944% | 100 | 2.944%
|
| $6.22 million | 2021 | Serial | 3.324% | 100 | 3.324%
|
| $6.75 million | 2022 | Serial | 3.605% | 100 | 3.605%
|
| $7.33 million | 2023 | Serial | 3.825% | 100 | 3.825%
|
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