New Issue: Oklahoma County Financing sells $72.62 million public schools bonds

By Sheri Kasprzak

New York, Feb. 15 - The Oklahoma County Financing Authority sold $72.62 million of series 2012 educational facilities lease revenue bonds for the Midwest City-Del City Public Schools, according to a term sheet.

The deal included $54.72 million of series 2012A bonds and $17.9 million of series 2012B bonds.

The 2012A bonds are due 2013 to 2019 with 2% to 4% coupons and the 2012B bonds are due 2016 to 2019 with 3% to 4% coupons.

D.A. Davidson & Co. was the senior manager for the bonds (/A+/).

Proceeds will be used to pay for the costs to construct, equip, repair and remodel school buildings and acquire and improve school sites.

Issuer:	Oklahoma County Financing Authority/Midwest City-Del City Public Schools
Issue:	Series 2012 educational facilities lease revenue bonds
Amount:	$72.62 million
Type:	Negotiated
Underwriter:	D.A. Davidson & Co. (lead)
Rating:	Standard & Poor's: A+
Pricing date:	Feb. 15
Settlement date:	Feb. 22
$54.72 million series 2012A bonds
Amount	Maturity	Type	Coupon	Price
$9.03 million	2013	Serial	2%	101.449
$11,785,000	2014	Serial	2%	102.425
$8.97 million	2015	Serial	2%	102.821
$50,000	2016	Serial	3%	106.361
$10.79 million	2017	Serial	3%	106.933
$12,095,000	2018	Serial	4%	112.143
$2 million	2019	Serial	2%	99.285
$17.9 million series 2012B bonds
Amount	Maturity	Type	Coupon	Price
$8,345,000	2016	Serial	4%	110.264
$1,375,000	2018	Serial	3%	106.468
$2,275,000	2019	Serial	3%	105.782
$5,905,000	2019	Serial	4%	112.279

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