Published on 3/18/2015 in the Prospect News Municipals Daily.
New Issue: Bellevue School District No. 405, Wash., prices $74.57 million bonds
By Sheri Kasprzak
New York, March 18 – The Bellevue School District No. 405 of Washington State priced $74.57 million of series 2015 unlimited tax general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa1/AA+/) were sold competitively, but the issuer did not immediately respond to requests for the winning bidder.
The bonds are due 2018 to 2027 with 3% to 5% coupons and 1.12% to 2.7% yields.
Proceeds will be used to refund the district’s series 2008 G.O. bonds.
| Issuer: | Bellevue School District No. 405
|
| Issue: | Series 2015 unlimited tax general obligation refunding bonds
|
| Amount: | $74.57 million
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AA+
|
| Pricing date: | March 18
|
| Settlement date: | April 8
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $795,000 | 2018 | Serial | 5% | 113.826 | 1.12%
|
| $795,000 | 2019 | Serial | 5% | 116.238 | 1.38%
|
| $795,000 | 2020 | Serial | 5% | 118.286 | 1.60%
|
| $795,000 | 2021 | Serial | 5% | 119.961 | 1.80%
|
| $10,555,000 | 2022 | Serial | 5% | 121.172 | 2.00%
|
| $11,085,000 | 2023 | Serial | 5% | 122.554 | 2.13%
|
| $11.64 million | 2024 | Serial | 5% | 123.823 | 2.24%
|
| $12.28 million | 2025 | Serial | 3% | 104.912 | 2.45%
|
| $12,675,000 | 2026 | Serial | 3.5% | 107.979 | 2.60%
|
| $13,155,000 | 2027 | Serial | 4% | 111.468 | 2.70%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
