Published on 4/20/2015 in the Prospect News Municipals Daily.
New Issue: Boulder Valley School No. RE-2, Colo., brings $250 million G.O. bonds
By Sheri Kasprzak
New York, April 20 – The Boulder Valley School District No. RE-2 of Colorado sold $250 million of series 2015 general obligation bonds, according to a pricing sheet.
The bonds (Aa1/AA/AA+) were sold competitively.
The bonds are due 2016 to 2017 and 2035 to 2044 with 4% to 5% coupons and 0.45% to 3.63% yields.
Proceeds will be used to finance the improvement, repair, equipment, furnishing and addition of school buildings and grounds.
| Issuer: | Boulder Valley School District No. RE-2
|
| Issue: | Series 2015 general obligation bonds
|
| Amount: | $250 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA
|
| Fitch: AA+
|
| Pricing date: | April 14
|
| Settlement date: | April 30
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $5 million | 2016 | Serial | 5% | 107.182 | 0.45%
|
| $10 million | 2017 | Serial | 5% | 110.728 | 0.80%
|
| $18,685,000 | 2035 | Serial | 5% | 117.864 | 2.94%
|
| $19,615,000 | 2036 | Serial | 5% | 117.578 | 2.97%
|
| $20.6 million | 2037 | Serial | 5% | 117.387 | 2.99%
|
| $21.63 million | 2038 | Serial | 5% | 117.007 | 3.10%
|
| $22.71 million | 2039 | Serial | 5% | 116.723 | 3.03%
|
| $23,845,000 | 2040 | Serial | 5% | 116.629 | 3.04%
|
| $25,035,000 | 2041 | Serial | 5% | 116.535 | 3.05%
|
| $26.29 million | 2042 | Serial | 4.25% | 105.367 | 3.61%
|
| $27,605,000 | 2043 | Serial | 4% | 103.184 | 3.62%
|
| $28,985,000 | 2044 | Serial | 4% | 103.099 | 3.63%
|
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