By Sheri Kasprzak
New York, Jan. 5 - The Orange County School Board of Florida sold $58.53 million of series 2012A refunding certificates of participation, said a pricing sheet.
The certificates (Aa3/AA-/AA) were sold through senior manager Citigroup Global Markets Inc.
The COPs are due 2013 to 2019 with 5% coupons.
Proceeds will be used to refund the board's series 2001A certificates of participation for a debt service savings.
| Issuer: | Orange County School Board
|
| Issue: | Series 2012A refunding certificates of participation
|
| Amount: | $58.53 million
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc. (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA
|
| Pricing date: | Jan. 5
|
| Settlement date: | May 3
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 5% | 104.36
|
| 2014 | Serial | 5% | 107.417
|
| 2015 | Serial | 5% | 110.038
|
| 2016 | Serial | 5% | 111.93
|
| 2017 | Serial | 5% | 113.687
|
| 2018 | Serial | 5% | 115.178
|
| 2019 | Serial | 5% | 115.893
|
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