Published on 8/29/2013 in the Prospect News Municipals Daily.
New Issue: Cleveland County Educational, Okla., prices $65.63 million Moore bonds
By Sheri Kasprzak
New York, Aug. 29 - The Cleveland County Educational Facilities Authority of Oklahoma sold $65,625,000 of series 2013 educational facilities lease revenue bonds for the Moore Public Schools, according to a pricing sheet.
The bonds were sold through D.A. Davidson & Co.
The bonds are due 2014 to 2018 with 5% coupons and yields from 0.57% to 2.26%.
Proceeds will be used to finance the construction of two new elementary schools and a junior high school, as well as to make additions and renovations to the district's high schools.
| Issuer: | Cleveland County Educational Facilities Authority/Moore Public Schools
|
| Issue: | Series 2013 educational facilities lease revenue bonds
|
| Amount: | $65,625,000
|
| Type: | Negotiated
|
| Underwriter: | D.A. Davidson & Co. (lead)
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 5
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $12,625,000 | 2014 | Serial | 5% | 0.57%
|
| $18.68 million | 2015 | Serial | 5% | 1%
|
| $4,725,000 | 2016 | Serial | 5% | 1.4%
|
| $12,045,000 | 2017 | Serial | 5% | 1.8%
|
| $17.55 million | 2018 | Serial | 5% | 2.26%
|
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