Published on 5/7/2015 in the Prospect News Municipals Daily.
New Issue: Los Angeles Unified School District prices $326.05 million G.O. debt
By Sheri Kasprzak
New York, May 7 – The Los Angeles Unified School District of California priced $326,045,000 of series 2015A general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa2/AA-/) were sold competitively.
The bonds are due 2015 and 2019 to 2025 with 2% to 5% coupons and 0.1% to 2.35% yields.
Proceeds will be used to refund the district’s series 2005A-1 and 2005A-2 G.O. bonds.
| Issuer: | Los Angeles Unified School District
|
| Issue: | Series 2015A general obligation refunding bonds
|
| Amount: | $326,045,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA-
|
| Pricing date: | May 6
|
| Settlement date: | May 28
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $7.96 million | 2015 | Serial | 2% | 100.174 | 0.10%
|
| $48,685,000 | 2019 | Serial | 5% | 114.911 | 1.25%
|
| $51.14 million | 2020 | Serial | 5% | 117.469 | 1.43%
|
| $53.71 million | 2021 | Serial | 5% | 119.529 | 1.62%
|
| $56,475,000 | 2022 | Serial | 5% | 120.991 | 1.83%
|
| $57.02 million | 2023 | Serial | 5% | 121.974 | 2.04%
|
| $35,115,000 | 2024 | Serial | 5% | 122.679 | 2.23%
|
| $15.94 million | 2025 | Serial | 5% | 123.683 | 2.35%
|
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