By Sheri Kasprzak
New York, Nov. 23 - The Philadelphia School District of Pennsylvania sold $219.11 million of series 2011 general obligation bonds, said a pricing sheet.
The deal included $144.625 million of series 2011A taxable qualified school construction bonds, $16.97 million of series 2011B bonds, $41.185 million of series 2011C bonds and $16.33 million of series 2011D bonds.
The 2011A bonds are due Sept. 1, 2030 and have a 5.995% coupon priced at par. The 2011B bonds are due 2012 to 2021 with 2% to 3.25% coupons. The 2011C bonds are due 2012 to 2021 with coupons from 2% to 5%. The 2011D bonds are due 2013 to 2021 with coupons from 3% to 5%.
The bonds (Aa2//AA) were sold through RBC Capital Markets LLC.
Proceeds will be used to refund existing notes due in July 2012.
| Issuer: | Philadelphia School District
|
| Issue: | Series 2011 general obligation bonds
|
| Amount: | $219.11 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Ratings: | Moody's: Aa2
|
| Fitch: AA
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 20
|
|
|
| $144.625 million series 2011A taxable qualified school construction bonds
|
| Maturity | Type | Coupon | Price
|
| Sept. 1, 2030 | Term | 5.995% | 100
|
|
|
| $16.97 million series 2011B bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.38 million | 2012 | Serial | 2% | 100.902
|
| $550,000 | 2013 | Serial | 2% | 101.018
|
| $965,000 | 2013 | Serial | 3% | 102.69
|
| $250,000 | 2014 | Serial | 2% | 100.786
|
| $1.32 million | 2014 | Serial | 5% | 108.661
|
| $150,000 | 2015 | Serial | 2% | 99.68
|
| $1.49 million | 2015 | Serial | 5% | 110.298
|
| $1.7 million | 2016 | Serial | 2% | 98.056
|
| $1.735 million | 2017 | Serial | 2.25% | 97.378
|
| $1.775 million | 2018 | Serial | 2.5% | 97.162
|
| $1.825 million | 2019 | Serial | 3% | 98.44
|
| $1.885 million | 2020 | Serial | 3.125% | 97.425
|
| $1.945 million | 2021 | Serial | 3.25% | 96.913
|
|
|
| $41.185 million series 2011C bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $7.12 million | 2012 | Serial | 2% | 100
|
| $3.1 million | 2013 | Serial | 3% | 102.69
|
| $3.23 million | 2014 | Serial | 5% | 108.661
|
| $3.395 million | 2015 | Serial | 5% | 110.298
|
| $3.565 million | 2016 | Serial | 5% | 111.292
|
| $3.75 million | 2017 | Serial | 5% | 111.786
|
| $3.945 million | 2018 | Serial | 5% | 112.242
|
| $4.145 million | 2019 | Serial | 5% | 111.972
|
| $4.355 million | 2020 | Serial | 5% | 111.396
|
| $4.58 million | 2021 | Serial | 5% | 111.109
|
|
|
| $16.33 million series 2011D bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.55 million | 2013 | Serial | 3% | 102.69
|
| $1.595 million | 2014 | Serial | 3% | 103.411
|
| $1.655 million | 2015 | Serial | 4% | 106.759
|
| $1.725 million | 2016 | Serial | 4% | 106.88
|
| $1.8 million | 2017 | Serial | 5% | 111.786
|
| $365,000 | 2018 | Serial | 4% | 106.21
|
| $1.525 million | 2018 | Serial | 5% | 112.242
|
| $1.97 million | 2019 | Serial | 3% | 98.44
|
| $1 million | 2020 | Serial | 4% | 103.945
|
| $1.035 million | 2020 | Serial | 3.25% | 98.357
|
| $2.11 million | 2021 | Serial | 3.5% | 98.941
|
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