By Cristal Cody
Springdale, Ark., July 24 - The Paulding County School District in Georgia priced $62.5 million general obligation bonds with 1.65% to 4.48% yields, according to an official statement.
The series 2008 bonds (Aa1/AA+/) priced with 3% to 5% coupons.
The bonds have serial maturities from 2009 through 2024.
Morgan Keegan & Co. managed the negotiated sale.
Proceeds will be used for land purchases, classroom additions, renovations and construction and equipping of new schools.
| Issuer: | Paulding County School District (Georgia)
|
| Issue: | Series 2008 general obligation bonds
|
| Amount: | $62.5 million
|
| Type: | Negotiated
|
| Maturities: | 2009-2024
|
| Underwriter: | Morgan Keegan & Co.
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA+
|
| Pricing date: | July 22
|
| Settlement date: | Aug. 1
|
|
|
| Maturity | Type | Coupon | Yield
|
| 2009 | Serial | 3% | 1.65%
|
| 2010 | Serial | 4% | 2.13%
|
| 2011 | Serial | 3.5% | 2.56%
|
| 2012 | Serial | 3.5% | 2.84%
|
| 2013 | Serial | 3.5% | 3.07%
|
| 2014 | Serial | 5% | 3.26%
|
| 2015 | Serial | 4% | 3.43%
|
| 2016 | Serial | 5% | 3.57%
|
| 2017 | Serial | 5% | 3.7%
|
| 2018 | Serial | 4% | 3.82%
|
| 2019 | Serial | 5% | 3.94%
|
| 2020 | Serial | 5% | 4.07%
|
| 2021 | Serial | 5% | 4.18%
|
| 2022 | Serial | 5% | 4.28%
|
| 2023 | Serial | 5% | 4.33%
|
| 2024 | Serial | 4.25% | 4.48%
|
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