By Sheri Kasprzak
New York, April 12 - The Community Unit School District No. 365-U of Illinois sold $55.19 million of series 2011A general obligation refunding bonds, said a pricing sheet.
The bonds (Aa2) were sold competitively with BMO Capital Markets Inc. winning the bid. The true interest cost came in at 5.858365%.
The bonds are due 2017, 2026 and 2029 to 2032. The 2017 bonds have a 4.5% coupon, and the 2026 bonds have a 5.25% coupon. The serial bonds have coupons from 5.5% to 5.75%.
Proceeds will be used to advance refund the district's series 2002 bonds.
| Issuer: | Community Unit School District No. 365-U
|
| Issue: | Series 2011A general obligation refunding bonds
|
| Amount: | $55.19 million
|
| Type: | Competitive
|
| Underwriter: | BMO Capital Markets Inc. (winner)
|
| TIC: | 5.858365%
|
| Rating: | Moody's: Aa2
|
| Pricing date: | April 12
|
| Settlement date: | May 3
|
|
|
| Maturity | Type | Coupon
|
| 2017 | Term | 4.5%
|
| 2026 | Term | 5.25%
|
| 2029 | Serial | 5.5%
|
| 2030 | Serial | 5.625%
|
| 2031 | Serial | 5.75%
|
| 2032 | Serial | 5.75%
|
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