Published on 9/2/2015 in the Prospect News Municipals Daily.
New Issue: Albuquerque School District No. 12, N.M., sells $70 million of bonds
By Sheri Kasprzak
New York, Sept. 2 – The Albuquerque School District No. 12 of New Mexico sold $70 million of series 2015 school building bonds, according to a pricing sheet.
The bonds (Aa1) were sold competitively with Jefferies & Co. winning the bid at a 2.989845% true interest cost.
The bonds are due 2016 to 2019 and 2022 to 2030 with 4% to 5% coupons.
Proceeds will be used to construct, equip, furnish and improve school facilities in the district.
| Issuer: | Albuquerque School District No. 12, N.M.
|
| Issue: | Series 2015 school building bonds
|
| Amount: | $70 million
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| Type: | Competitive
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| Underwriter: | Jefferies & Co. (winner)
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| True interest cost: | 2.989845%
|
| Rating: | Moody’s: Aa1
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| Pricing date: | Sept. 2
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| Settlement date: | Oct. 7
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| Amount | Maturity | Type | Coupon | Price
|
| $3.7 million | 2016 | Serial | 5% | 103.847
|
| $700,000 | 2017 | Serial | 5% | 107.823
|
| $800,000 | 2018 | Serial | 5% | 111.14
|
| $900,000 | 2019 | Serial | 5% | 113.932
|
| $1.8 million | 2022 | Serial | 5% | 119.448
|
| $2 million | 2023 | Serial | 5% | 120.642
|
| $5 million | 2024 | Serial | 5% | 121.789
|
| $6 million | 2025 | Serial | 5% | 122.911
|
| $6 million | 2026 | Serial | 5% | 121.736
|
| $6 million | 2027 | Serial | 5% | 120.864
|
| $12.3 million | 2028 | Serial | 4% | 108.534
|
| $12.3 million | 2029 | Serial | 4% | 107.827
|
| $12.5 million | 2030 | Serial | 4% | 107.563
|
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