Published on 5/14/2015 in the Prospect News Municipals Daily.
New Issue: Poway Unified School District, Calif., brings $63.15 million offering
By Sheri Kasprzak
New York, May 14 – The Poway Unified School District of California sold $63,145,000 of series 2015B public financing authority special tax revenue refunding bonds, according to a pricing sheet.
The bonds were sold through Stifel, Nicolaus & Co. Inc.
The bonds are due 2015 to 2036 with 2% to 5% coupons with 0.52% to 4.11% yields.
Proceeds will be used to refund outstanding debt.
| Issuer: | Poway Unified School District, Calif.
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| Issue: | Series 2015B public financing authority special tax revenue refunding bonds
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| Amount: | $63,145,000
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| Type: | Negotiated
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| Underwriter: | Stifel, Nicolaus & Co. Inc.
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| Pricing date: | May 14
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| Settlement date: | June 4
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| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1.58 million | 2015 | Serial | 2% | 100.356 | 0.52%
|
| $970,000 | 2016 | Serial | 2% | 101.578 | 0.72%
|
| $1,065,000 | 2017 | Serial | 3% | 104.036 | 1.17%
|
| $1.18 million | 2018 | Serial | 4% | 107.714 | 1.55%
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| $1.33 million | 2019 | Serial | 4% | 108.9 | 1.81%
|
| $1.47 million | 2020 | Serial | 5% | 114.533 | 2.06%
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| $1.59 million | 2021 | Serial | 5% | 115.485 | 2.32%
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| $1,765,000 | 2022 | Serial | 5% | 116.462 | 2.50%
|
| $1.93 million | 2023 | Serial | 5% | 117.05 | 2.68%
|
| $2.12 million | 2024 | Serial | 5% | 117.09 | 2.88%
|
| $2.33 million | 2025 | Serial | 5% | 117.615 | 2.99%
|
| $2.53 million | 2026 | Serial | 5% | 115.892 | 3.17%
|
| $2,755,000 | 2027 | Serial | 5% | 114.76 | 3.29%
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| $2,995,000 | 2028 | Serial | 5% | 113.735 | 3.40%
|
| $3.24 million | 2029 | Serial | 5% | 112.996 | 3.48%
|
| $3,505,000 | 2030 | Serial | 5% | 112.262 | 3.56%
|
| $3,785,000 | 2031 | Serial | 5% | 111.716 | 3.62%
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| $4,085,000 | 2032 | Serial | 5% | 111.173 | 3.68%
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| $4,815,000 | 2033 | Serial | 5% | 111.083 | 3.69%
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| $6.79 million | 2034 | Serial | 5% | 110.723 | 3.73%
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| $7.26 million | 2035 | Serial | 5% | 110.454 | 3.76%
|
| $4,055,000 | 2036 | Serial | 4% | 98.446 | 4.11%
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