By Sheri Kasprzak
New York, April 17 - The Oregon Trail School District No. 46 priced $104.782 million in series 2009 general obligation bonds, said a sellside source close to the deal.
The sale included $95.775 million in series 2009 current interest bonds and $9.007 million in series 2009 deferred interest bonds.
The current interest bonds are due 2011 to 2029 with split term bonds due 2032. The serials have coupons from 2.5% to 5% and yields from 1.14% to 4.86%. The 2032 bonds have a 4.75% coupon to yield 5.02% and the other 2032 bonds have a 5% coupon to yield 5.02%.
The deferred interest bonds are due 2032 to 2039. The bonds have yields from 5.89% to 5.96%.
Seattle-Northwest Securities Inc. was the underwriter for the negotiated sale.
The proceeds will be used to pay capital expenses.
The Oregon Trail School District No. 46 is based in Sandy.
| Issuer: | Oregon Trail School District No. 46
|
| Issue: | Series 2009 general obligation bonds
|
| Amount: | $104.782 million
|
| Type: | Negotiated
|
| Underwriter: | Seattle-Northwest Securities Inc.
|
| TIC: | 5.059%
|
| Pricing date: | April 16
|
|
|
| Current interest bonds
|
| Maturity | Type | Coupon | Yield
|
| 2011 | Serial | 2.5% | 1.14%
|
| 2012 | Serial | 3% | 1.37%
|
| 2013 | Serial | 3% | 1.75%
|
| 2013 | Serial | 4% | 1.75%
|
| 2014 | Serial | 3% | 2.15%
|
| 2014 | Serial | 4% | 2.15%
|
| 2015 | Serial | 3% | 2.45%
|
| 2015 | Serial | 4% | 2.45%
|
| 2016 | Serial | 3.25% | 2.75%
|
| 2016 | Serial | 4% | 2.75%
|
| 2017 | Serial | 3.5% | 3.00%
|
| 2017 | Serial | 4.75% | 3.00%
|
| 2018 | Serial | 4% | 3.28%
|
| 2018 | Serial | 5% | 3.28%
|
| 2019 | Serial | 4.25% | 3.51%
|
| 2019 | Serial | 5% | 3.51%
|
| 2020 | Serial | 5% | 3.76%
|
| 2021 | Serial | 5% | 3.92%
|
| 2022 | Serial | 5% | 4.08%
|
| 2023 | Serial | 5% | 4.21%
|
| 2024 | Serial | 5% | 4.35%
|
| 2025 | Serial | 5% | 4.47%
|
| 2026 | Serial | 5% | 4.59%
|
| 2027 | Serial | 5% | 4.69%
|
| 2028 | Serial | 5% | 4.78%
|
| 2029 | Serial | 5% | 4.86%
|
| 2032 | Term | 4.75% | 5.02%
|
| 2032 | Term | 5% | 5.02%
|
|
|
| Deferred interest bonds
|
| Maturity | Type | Yield
|
| 2032 | Serial | 5.89%
|
| 2033 | Serial | 5.92%
|
| 2034 | Serial | 5.93%
|
| 2035 | Serial | 5.94%
|
| 2036 | Serial | 5.95%
|
| 2037 | Serial | 5.95%
|
| 2038 | Serial | 5.96%
|
| 2039 | Serial | 5.96%
|
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