Published on 5/15/2012 in the Prospect News Municipals Daily.
New Issue: Olympia School District No. 111, Wash., sells $54.42 million G.O. refunding bonds
By Sheri Kasprzak
New York, May 15 - The Olympia School District No. 111 of Washington priced $54,415,000 of series 2012 unlimited tax general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa2/A+/) were sold competitively. The issuer did not return calls for the winning bidder by press time Tuesday evening.
The bonds are due 2014 to 2023 with 4% to 5% coupons.
Proceeds will be used to advance refund the district's series 2003 and 2005A G.O. bonds.
| Issuer: | Olympia School District No. 111, Wash.
|
| Issue: | Series 2012 unlimited tax general obligation refunding bonds
|
| Amount: | $54,415,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: A+
|
| Pricing date: | May 15
|
| Settlement date: | June 4
|
|
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.33 million | 2014 | Serial | 4% | 108.499
|
| $2.42 million | 2015 | Serial | 5% | 111.289
|
| $2,895,000 | 2016 | Serial | 5% | 113.9
|
| $3,095,000 | 2017 | Serial | 5% | 120.846
|
| $5.86 million | 2018 | Serial | 5% | 122.822
|
| $6.41 million | 2019 | Serial | 5% | 124.393
|
| $6.99 million | 2020 | Serial | 5% | 125.272
|
| $7,615,000 | 2021 | Serial | 5% | 126.113
|
| $8,275,000 | 2022 | Serial | 5% | 125.707
|
| $8,525,000 | 2023 | Serial | 5% | 124.282
|
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