Published on 5/29/2015 in the Prospect News Municipals Daily.
New Issue: Placentia-Yorba Linda USD, Calif., prices $64.48 million of G.O. bonds
By Sheri Kasprzak
New York, May 29 – The Placentia-Yorba Linda Unified School District of California priced $64,475,000 of series 2015 general obligation refunding bonds, according to a pricing sheet.
The bonds (Aa3/AA-/) were sold through Stifel, Nicolaus & Co. LLC.
The bonds are due 2015 to 2032 with 4% to 5% coupons with 0.25% to 3.39% yields.
Proceeds will be used to advance refund district’s series 2008A G.O. bonds.
| Issuer: | Placentia-Yorba Linda Unified School District
|
| Issue: | Series 2015 general obligation refunding bonds
|
| Amount: | $64,475,000
|
| Type: | Negotiated
|
| Underwriter: | Stifel, Nicolaus & Co. LLC
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: AA-
|
| Pricing date: | May 28
|
| Settlement date: | June 25
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $1,365,000 | 2015 | Serial | 4% | 100.374 | 0.25%
|
| $190,000 | 2016 | Serial | 4% | 103.969 | 0.38%
|
| $195,000 | 2017 | Serial | 4% | 106.715 | 0.77%
|
| $205,000 | 2018 | Serial | 4% | 108.526 | 1.19%
|
| $1.91 million | 2019 | Serial | 5% | 114.251 | 1.41%
|
| $2,245,000 | 2020 | Serial | 5% | 116.532 | 1.61%
|
| $2,605,000 | 2021 | Serial | 5% | 117.9 | 1.88%
|
| $2.96 million | 2022 | Serial | 5% | 119.106 | 2.09%
|
| $3.39 million | 2023 | Serial | 5% | 120.421 | 2.23%
|
| $3.82 million | 2024 | Serial | 5% | 121.229 | 2.39%
|
| $4,315,000 | 2025 | Serial | 5% | 121.691 | 2.55%
|
| $4.81 million | 2026 | Serial | 5% | 119.721 | 2.75%
|
| $240,000 | 2027 | Serial | 5% | 118.173 | 2.91%
|
| $5.98 million | 2028 | Serial | 4% | 107.212 | 3.16%
|
| $6.58 million | 2029 | Serial | 4% | 106.145 | 3.28%
|
| $7.19 million | 2030 | Serial | 4% | 105.177 | 3.39%
|
| $7,835,000 | 2031 | Serial | 5% | 115.52 | 3.19%
|
| $8.64 million | 2032 | Serial | 5% | 115.054 | 3.24%
|
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