Published on 3/28/2011 in the Prospect News Municipals Daily.
New Issue: Waterloo Community School District, Iowa, sells $69.3 million of bonds
By Sheri Kasprzak
New York, March 28 - The Waterloo Community School District of Iowa brought $69,304,539 of series 2011 school infrastructure sales, services and use tax revenue refunding bonds, said a pricing sheet.
The deal included $52.925 million of series 2011A bonds and $16,379,539 of series 2011B bonds.
The 2011A bonds are due 2012 to 2030 with coupons from 4% to 5.25%. The 2011B bonds are due July 1, 2025 and have a 5.85% coupon priced at par.
The bonds (A) were sold competitively, but calls to the issuer for the winning bidder and other comments were not returned by press time Monday.
Proceeds will be used to retire the district's series 2009 bond anticipation notes.
| Issuer: | Waterloo Community School District
|
| Issue: | Series 2011 school infrastructure sales, services and use tax revenue refunding bonds
|
| Amount: | $69,304,539
|
| Type: | Competitive
|
| Rating: | Standard & Poor's: A
|
| Pricing date: | March 28
|
| Settlement date: | April 26
|
|
|
| $52.925 million series 2011A
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 4% | 102.912
|
| 2013 | Serial | 4% | 104.462
|
| 2014 | Serial | 4% | 105.339
|
| 2015 | Serial | 4% | 104.901
|
| 2016 | Serial | 4% | 104.517
|
| 2017 | Serial | 4% | 103.597
|
| 2018 | Serial | 4% | 101.872
|
| 2019 | Serial | 4% | 100
|
| 2020 | Serial | 4% | 98.111
|
| 2021 | Serial | 5% | 104.078
|
| 2022 | Serial | 5% | 103.038
|
| 2023 | Serial | 5% | 102.011
|
| 2024 | Serial | 5% | 100.996
|
| 2025 | Serial | 5% | 100
|
| 2026 | Serial | 5% | 98.944
|
| 2027 | Serial | 5% | 98.359
|
| 2028 | Serial | 5% | 97.738
|
| 2029 | Serial | 5% | 97.086
|
| 2030 | Serial | 5.25% | 99.403
|
|
|
| $16,379,539 series 2011B
|
| Maturity | Type | Coupon | Price
|
| July 1, 2025 | Term | 5.85% | 100
|
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