Published on 4/23/2014 in the Prospect News Municipals Daily.
New Issue: Wenatchee School District, Wash., brings $59.45 million of G.O. bonds
By Sheri Kasprzak
New York, April 23 - The Wenatchee School District of Washington State sold $59.45 million of series 2014 unlimited tax general obligation bonds, according to a pricing sheet.
The bonds (Aa3) were sold through senior manager Piper Jaffray & Co.
The bonds are due 2018 to 2033 with 3% to 5% coupons and 1.2% to 3.44% yields.
Proceeds will be used to finance the acquisition, construction, equipment and improvement of school facilities.
| Issuer: | Wenatchee School District
|
| Issue: | Series 2014 unlimited tax general obligation bonds
|
| Amount: | $59.45 million
|
| Type: | Negotiated
|
| Underwriter: | Piper Jaffray & Co. (lead)
|
| Rating: | Moody's: Aa3
|
| Pricing date: | April 23
|
| Settlement date: | May 20
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $55,000 | 2018 | Serial | 3% | 107.913 | 1.2%
|
| $110,000 | 2019 | Serial | 3% | 107.932 | 1.5%
|
| $170,000 | 2020 | Serial | 3% | 107.106 | 1.84%
|
| $230,000 | 2021 | Serial | 3% | 106.381 | 2.08%
|
| $3,265,000 | 2022 | Serial | 5% | 120.977 | 2.28%
|
| $3.55 million | 2023 | Serial | 5% | 121.366 | 2.47%
|
| $3.85 million | 2024 | Serial | 5% | 120.873 | 2.62%
|
| $4.17 million | 2025 | Serial | 4% | 109.97 | 2.85%
|
| $4,465,000 | 2026 | Serial | 4.25% | 110.757 | 3%
|
| $4.79 million | 2027 | Serial | 4.5% | 112.172 | 3.08%
|
| $5.14 million | 2028 | Serial | 4.5% | 111.259 | 3.18%
|
| $5,505,000 | 2029 | Serial | 5% | 116.084 | 3.12%
|
| $5.92 million | 2030 | Serial | 5% | 115.339 | 3.2%
|
| $6.36 million | 2031 | Serial | 5% | 114.599 | 3.28%
|
| $6.82 million | 2032 | Serial | 5% | 113.774 | 3.37%
|
| $5.05 million | 2033 | Serial | 5% | 113.137 | 3.44%
|
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