Published on 4/30/2013 in the Prospect News Municipals Daily.
New Issue: Napa Valley USD, Calif., sells $48.52 million downsized refunding G.O.s
By Sheri Kasprzak
New York, April 30 - The Napa Valley Unified School District of California sold $48,515,000 of series 2013 general obligation refunding bonds, downsized from $51,405,000, according to a pricing sheet.
The bonds (Aa2/AA-/) were sold competitively, but the issuer did not respond to requests for the winning bidder Tuesday.
The bonds are due 2013 to 2030 with 3% to 5% coupons and 0.2% to 3.17% yields.
Proceeds will be used to refund district's series 2005 G.O. bonds.
| Issuer: | Napa Valley Unified School District, Calif.
|
| Issue: | Series 2013 general obligation refunding bonds
|
| Amount: | $48,515,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Pricing date: | April 30
|
| Settlement date: | May 29
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $790,000 | 2013 | Serial | 3% | 0.20%
|
| $25,000 | 2014 | Serial | 4% | 0.25%
|
| $25,000 | 2015 | Serial | 4% | 0.42%
|
| $135,000 | 2016 | Serial | 4% | 0.60%
|
| $1,545,000 | 2017 | Serial | 4% | 0.70%
|
| $1,645,000 | 2018 | Serial | 5% | 0.90%
|
| $1,785,000 | 2019 | Serial | 4% | 1.10%
|
| $1.9 million | 2020 | Serial | 4% | 1.33%
|
| $2.01 million | 2021 | Serial | 5% | 1.58%
|
| $2,165,000 | 2022 | Serial | 5% | 1.76%
|
| $2,305,000 | 2023 | Serial | 5% | 1.92%
|
| $2.83 million | 2024 | Serial | 5% | 2.04%
|
| $3.03 million | 2025 | Serial | 3.25% | 2.50%
|
| $4.9 million | 2026 | Serial | 4% | 2.53%
|
| $5,195,000 | 2027 | Serial | 4% | 2.64%
|
| $7,845,000 | 2028 | Serial | 4% | 2.73%
|
| $8,275,000 | 2029 | Serial | 3% | 3.11%
|
| $2.11 million | 2030 | Serial | 3% | 3.17%
|
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