New Issue: Tradition Community Development, Fla., prices $53.17 million of bonds

By Sheri Kasprzak

New York, April 10 - The Tradition Community Development District No. 1 of Port St. Lucie, Fla., sold $53.17 million of series 2014 special assessment refunding bonds, said a pricing sheet.

The bonds were sold through senior manager RBC Capital Markets LLC.

The bonds are due 2015 to 2035 with 2% to 4.5% coupons and 0.65% to 4.63% yields.

Proceeds will refund existing debt.

Issuer:	Tradition Community Development District No. 1, Port St. Lucie, Fla.
Issue:	Series 2014 special assessment refunding bonds
Amount:	$53.17 million
Type:	Negotiated
Underwriter:	RBC Capital Markets LLC
Pricing date:	April 9
Settlement date:	April 24
Amount	Maturity	Type	Coupon	Price	Yield
$1,755,000	2015	Serial	2%	101.369	0.65%
$1,785,000	2016	Serial	2%	102.014	0.99%
$1,825,000	2017	Serial	2%	101.827	1.38%
$1,875,000	2018	Serial	3.5%	106.643	1.78%
$1.94 million	2019	Serial	3.5%	106.145	2.20%
$2.01 million	2020	Serial	3.5%	104.643	2.66%
$2.08 million	2021	Serial	3.5%	102.887	3.04%
$2,155,000	2022	Serial	4%	104.322	3.38%
$2,245,000	2023	Serial	4%	102.978	3.61%
$2,345,000	2024	Serial	4%	102.155	3.74%
$2,435,000	2025	Serial	4%	101.236	3.85%
$2,535,000	2026	Serial	4%	100.327	3.96%
$2.64 million	2027	Serial	4%	99.297	4.07%
$2,745,000	2028	Serial	4%	98.208	4.17%
$2.86 million	2029	Serial	4%	97.57	4.22%
$2,975,000	2030	Serial	4.125%	97.761	4.32%
$3,105,000	2031	Serial	4.25%	98.333	4.39%
$3.24 million	2032	Serial	4.25%	97.538	4.45%
$3.38 million	2033	Serial	4.375%	98.037	4.53%
$3.54 million	2034	Serial	4.5%	98.828	4.59%
$3.7 million	2035	Serial	4.5%	98.264	4.63%

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