By Sheri Kasprzak
New York, Dec. 4 - The Washington Bellingham School District No. 501 of Washington State sold $60 million of series 2013 unlimited tax general obligation and refunding bonds, according to a pricing sheet. The offering was downsized from $88 million.
The bonds (/A+/) were sold through senior manager Piper Jaffray & Co.
The bonds are due 2014 and 2027 to 2033. The bonds have coupons from 2% to 5% with 0.2% to 4.18% yields.
Proceeds will be used to finance school capital improvements and refund existing G.O. debt.
Issuer: | Washington Bellingham School District No. 501
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Issue: | Series 2013 unlimited tax general obligation and refunding bonds
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Amount: | $60 million
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Type: | Negotiated
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Underwriter: | Piper Jaffray & Co.
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Rating: | Standard & Poor's: A+
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Pricing date: | Dec. 3
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Settlement date: | Dec. 19
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Amount | Maturity | Type | Coupon | Price | Yield
|
$1.4 million | 2014 | Serial | 2% | 101.707 | 0.2%
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$6.38 million | 2027 | Serial | 5% | 112.063 | 3.55%
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$6,975,000 | 2028 | Serial | 5% | 110.912 | 3.68%
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$7,615,000 | 2029 | Serial | 5% | 109.863 | 3.8%
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$8.29 million | 2030 | Serial | 5% | 108.825 | 3.92%
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$9.01 million | 2031 | Serial | 5% | 108.054 | 4.01%
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$9.77 million | 2032 | Serial | 4.75% | 104.599 | 4.18%
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$10.56 million | 2033 | Serial | 5% | 106.953 | 4.14%
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