New Issue: Mukilteo School District No. 6, Wash., sells $58.83 million G.O. bonds

By Sheri Kasprzak

New York, April 23 - The Mukilteo School District No. 6 of Washington state priced $58,825,000 of series 2014 unlimited tax general obligation bonds, according to a pricing sheet.

The bonds (Aa2) were sold competitively. Janney Montgomery Scott LLC won the bid for the bonds at a 3.518435% true interest cost. After the offering was resized from $58.89 million, the TIC was 3.517055%, said Scott Bauer, the district's financial adviser, Wednesday.

The bonds are due 2015 and 2026 to 2033 with 2% to 4% coupons and 0.15% to 3.62% yields.

Proceeds will be used to finance capital construction projects and improvements to educational facilities in the district.

Issuer:	Mukilteo School District No. 6
Issue:	Series 2014 unlimited tax general obligation bonds
Amount:	$58,825,000
Type:	Competitive
Underwriter:	Janney Montgomery Scott LLC (winner)
True interest cost:	3.517055%
Rating:	Moody's: Aa2
Pricing date:	April 23
Settlement date:	May 7
Amount	Maturity	Type	Coupon	Price	Yield
$6,325,000	2015	Serial	2%	102.892	0.15%
$4,475,000	2026	Serial	3%	101.654	2.81%
$5,715,000	2027	Serial	4%	107.729	3.10%
$7.11 million	2028	Serial	4%	106.836	3.20%
$4,385,000	2029	Serial	4%	105.864	3.31%
$5,735,000	2030	Serial	4%	104.902	3.42%
$7.2 million	2031	Serial	4%	104.037	3.52%
$8,795,000	2032	Serial	4%	103.779	3.55%
$9,085,000	2033	Serial	4%	103.179	3.62%

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