Published on 12/5/2013 in the Prospect News Municipals Daily.
New Issue: Arapahoe County School No. 6, Colo., prices $50 million of G.O. bonds
By Sheri Kasprzak
New York, Dec. 5 - The Arapahoe County School District No. 6 of Colorado sold $50 million of series 2013 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA/) were sold through Stifel, Nicolaus & Co. Inc.
The bonds are due 2030 to 2035 with a term bond due in 2037. The serial bonds have 5% coupons with 3.82% to 4.13% yields. The 2037 bonds have a 4.5% coupon priced at 97.141 to yield 4.7%.
Proceeds will be used to finance school improvements and capital projects within the district.
Issuer: | Arapahoe County School District No. 6
|
Issue: | Series 2013 general obligation bonds
|
Amount: | $50 million
|
Type: | Negotiated
|
Underwriter: | Stifel, Nicolaus & Co. Inc.
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
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Pricing date: | Dec. 4
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Settlement date: | Dec. 23
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$4,485,000 | 2030 | Serial | 5% | 109.68 | 3.82%
|
$4.78 million | 2031 | Serial | 5% | 108.902 | 3.91%
|
$5,325,000 | 2032 | Serial | 5% | 108.302 | 3.98%
|
$5.66 million | 2033 | Serial | 5% | 107.961 | 4.02%
|
$6.9 million | 2034 | Serial | 5% | 107.537 | 4.07%
|
$7.25 million | 2035 | Serial | 5% | 107.03 | 4.13%
|
$15.6 million | 2037 | Term | 4.5% | 97.141 | 4.7%
|
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