Published on 12/18/2014 in the Prospect News Municipals Daily.
New Issue: Adams 12 Five Star Schools, Colo., prices $58.79 million of G.O. bonds
By Sheri Kasprzak
New York, Dec. 18 – The Adams 12 Five Star Schools of the City and County of Bloomfield, Colo., priced $58.79 million of series 2014B general obligation refunding bonds, said a term sheet. The deal was upsized from $50.32 million.
The bonds (Aa3/AA-/) were sold through Stifel, Nicolaus & Co. Inc.
The bonds are due 2015 to 2026 with 3% to 5% coupons and 0.30% to 2.41% yields.
Proceeds will be used to refund existing district G.O. debt.
| Issuer: | Adams 12 Five Star Schools, Colo.
|
| Issue: | Series 2014B general obligation refunding bonds
|
| Amount: | $58.79 million
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co. Inc.
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 30
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.98 million | 2015 | Serial | 3% | 102.581 | 0.30%
|
| $5,385,000 | 2016 | Serial | 5% | 108.758 | 0.50%
|
| $1,585,000 | 2017 | Serial | 4% | 109.336 | 0.80%
|
| $1,895,000 | 2018 | Serial | 4% | 111.243 | 1.09%
|
| $1,965,000 | 2019 | Serial | 5% | 117.238 | 1.39%
|
| $2.04 million | 2020 | Serial | 5% | 119.185 | 1.61%
|
| $2.11 million | 2021 | Serial | 5% | 120.622 | 1.83%
|
| $2,195,000 | 2022 | Serial | 5% | 121.805 | 2.02%
|
| $2.31 million | 2023 | Serial | 5% | 123.384 | 2.12%
|
| $2.37 million | 2024 | Serial | 5% | 124.815 | 2.21%
|
| $5,295,000 | 2025 | Serial | 5% | 123.506 | 2.34%
|
| $28.66 million | 2026 | Serial | 5% | 122.808 | 2.41%
|
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