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Published on 7/22/2015 in the Prospect News Municipals Daily.

New Issue: Anacortes School District No. 103, Wash., sells $50.96 million G.O.s

By Sheri Kasprzak

New York, July 22 – The Anacortes School District No. 103 of Washington State sold $50.96 million of series 2015 unlimited tax general obligation bonds, according to a pricing sheet.

The bonds (Aa1) were sold competitively.

The bonds are due 2017 to 2034 with 3.5% to 5% coupons and 0.86% to 3.52% yields.

Proceeds will be used to finance the construction of a new high school and for other capital improvements.

Issuer:Anacortes School District No. 103
Issue:Series 2015 unlimited tax general obligation bonds
Amount:$50.96 million
Type:Competitive
Rating:Moody’s: Aa1
Pricing date:July 22
Settlement date:Aug. 5
AmountMaturityTypeCouponPriceYield
$840,0002017Serial5%109.4970.86%
$880,0002018Serial5%112.6171.12%
$925,0002019Serial5%115.3631.33%
$970,0002020Serial5%117.5011.56%
$1,015,0002021Serial5%118.8411.83%
$1.07 million2022Serial5%119.0612.17%
$1.12 million2023Serial5%120.2572.31%
$1.18 million2024Serial5%121.3192.43%
$1,235,0002025Serial5%120.7782.59%
$1.3 million2026Serial3.5%104.2233.00%
$1.35 million2027Serial4%108.0073.05%
$4,535,0002028Serial4%107.0423.16%
$4,855,0002029Serial4.5%1111.5033.13%
$5,195,0002030Serial3.25%98.9243.34%
$5.55 million2031Serial3.25%98.0063.41%
$5.92 million2032Serial3.375%98.6393.48%
$6,305,0002033Serial4%104.293.48%
$6,715,0002034Serial4%103.9523.52%

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