New Issue: Clark County School District, Nev., sells $167.96 million of G.O. refunding bonds

By Sheri Kasprzak

New York, Sept. 18 - The Clark County School District of Nevada priced $167.96 million of series 2012 general obligation refunding bonds, according to a pricing sheet.

The bonds (Aa3/AA-/A+) were sold competitively. The issuer did not return calls requesting the winning bidder by press time Tuesday evening.

The deal included $159,425,000 of series 2012A limited tax G.O. refunding bonds and $8,535,000 of series 2012B limited tax G.O. refunding bonds.

The 2012A bonds are due 2015 to 2016 and 2018 to 2021 with 5% coupons. The 2012B bonds are due 2014 and have a 4% coupon priced at 105.959.

Proceeds will be used to refund the district's series 2001D and 2002 G.O. bonds.

Issuer:	Clark County School District, Nev.
Issue:	Series 2012 general obligation refunding bonds
Amount:	$167.96 million
Type:	Competitive
Ratings:	Moody's: Aa3
	Standard & Poor's: AA-
	Fitch: A+
Pricing date:	Sept. 18
Settlement date:	Oct. 4
$159,425,000 series 2012A limited tax G.O. refunding bonds
Amount	Maturity	Type	Coupon	Price
$20,545,000	2015	Serial	5%	111.753
$26,305,000	2016	Serial	5%	115.467
$24.87 million	2018	Serial	5%	120.252
$26.11 million	2019	Serial	5%	121.155
$30,045,000	2020	Serial	5%	122.098
$31.55 million	2021	Serial	5%	122.494
$8,535,000 series 2012B limited tax G.O. refunding bonds
Maturity	Type	Coupon	Price
June 15, 2014	Term	4%	105.959

© 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.