Published on 1/29/2015 in the Prospect News Municipals Daily.
New Issue: Temecula Valley school district, Calif., sells $52.38 million bonds
By Sheri Kasprzak
New York, Jan. 29 – The Temecula Valley Unified School District Financing Authority of California sold $52,375,000 of series 2015 special tax revenue bonds, according to a pricing sheet.
The bonds (/BBB/) were sold through senior manager Stifel, Nicolaus & Co. Inc.
The bonds are due 2015 to 2035 with a term bond due in 2040. The serial coupons range from 2% to 5%. The 2040 bonds have a 5% coupon priced at 116.342.
Proceeds will be used to finance eligible school projects.
| Issuer: | Temecula Valley Unified School District Financing Authority
|
| Issue: | Series 2015 special tax revenue bonds
|
| Amount: | $52,375,000
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co. Inc.
|
| Rating: | Standard & Poor’s: BBB
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 26
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,305,000 | 2015 | Serial | 2% | 100.882
|
| $1.15 million | 2016 | Serial | 3% | 103.812
|
| $1,215,000 | 2017 | Serial | 4% | 108.078
|
| $1,275,000 | 2018 | Serial | 5% | 113.777
|
| $1,355,000 | 2019 | Serial | 5% | 116.551
|
| $1.45 million | 2020 | Serial | 5% | 118.863
|
| $1,545,000 | 2021 | Serial | 5% | 120.814
|
| $1,645,000 | 2022 | Serial | 5% | 122.002
|
| $1.75 million | 2023 | Serial | 5% | 123.026
|
| $1,855,000 | 2024 | Serial | 5% | 123.723
|
| $1,975,000 | 2025 | Serial | 5% | 123.522
|
| $2.09 million | 2026 | Serial | 5% | 121.926
|
| $2.22 million | 2027 | Serial | 5% | 120.549
|
| $2,355,000 | 2028 | Serial | 5% | 119.481
|
| $1 million | 2029 | Serial | 3.4% | 104.229
|
| $1,505,000 | 2029 | Serial | 5% | 118.999
|
| $2.63 million | 2030 | Serial | 5% | 118.519
|
| $2,795,000 | 2031 | Serial | 5% | 118.042
|
| $2,965,000 | 2032 | Serial | 5% | 117.851
|
| $3,135,000 | 2033 | Serial | 5% | 117.661
|
| $3,315,000 | 2034 | Serial | 5% | 117.283
|
| $3,505,000 | 2035 | Serial | 5% | 116.905
|
| $11,305,000 | 2040 | Term | 5% | 116.342
|
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