Published on 6/28/2012 in the Prospect News Municipals Daily.
New Issue: West Contra Costa Unified School District, Calif., prices $98.2 million of G.O.s
By Sheri Kasprzak
New York, June 28 - The West Contra Costa Unified School District of California sold $98.2 million of series 2012 general obligation refunding bonds, said a pricing sheet.
The bonds (Aa3/A+/A+) were sold through Piper Jaffray & Co. and De La Rosa & Co. Inc.
The bonds are due 2021 to 2027 with a term bond due in 2032. The serial coupons range from 3% to 5.25%. The 2032 bonds have a 5% coupon priced at 108.557 and a 5% coupon priced at 109.863.
Proceeds will be used to refund the school district's series 2000C and 2002A-C G.O. bonds.
| Issuer: | West Contra Costa Unified School District
|
| Issue: | Series 2012 general obligation refunding bonds
|
| Amount: | $98.2 million
|
| Type: | Negotiated
|
| Underwriters: | Piper Jaffray & Co. and De La Rosa & Co. Inc. (lead)
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Pricing date: | June 28
|
| Settlement date: | July 10
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $200,000 | 2021 | Serial | 3% | 101.749
|
| $1,165,000 | 2021 | Serial | 5% | 117.667
|
| $1,325,000 | 2022 | Serial | 3% | 100
|
| $1.36 million | 2023 | Serial | 5% | 115.747
|
| $5,125,000 | 2024 | Serial | 5% | 113.805
|
| $10 million | 2025 | Serial | 5% | 112.804
|
| $1 million | 2025 | Serial | 5.25% | 115.369
|
| $9,895,000 | 2026 | Serial | 5% | 111.993
|
| $10,365,000 | 2027 | Serial | 5% | 111.188
|
| $32,765,000 | 2032 | Term | 5% | 108.557
|
| $25 million | 2032 | Term | 5% | 109.863
|
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