Published on 12/18/2012 in the Prospect News Municipals Daily.
New Issue: Bexar County, Texas, sells $118 million venue revenue refunding bonds
By Sheri Kasprzak
New York, Dec. 18 - Bexar County, Texas, sold $118 million series 2013 tax-exempt venue project revenue refunding bonds, according to a pricing sheet.
The deal included $92.12 million of series 2013 combined venue tax bonds and $25.88 million of series 2013 motor vehicle rental tax bonds.
The bonds (A1//A+) were sold through Frost Bank.
Proceeds will be used to refund short-term bonds maturing in August 2013 and other short-term debt.
| Issuer: | Bexar County, Texas
|
| Issue: | Series 2013 tax-exempt venue project revenue refunding bonds
|
| Amount: | $118 million
|
| Type: | Negotiated
|
| Underwriter: | Frost Bank
|
| Ratings: | Moody's A1
|
| Fitch: A+
|
| Pricing date: | Dec. 18
|
|
|
| $92.12 million series 2013 combined venue tax bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $250,000 | 2014 | Serial | 2% | 101.622
|
| $250,000 | 2015 | Serial | 2% | 102.062
|
| $250,000 | 2016 | Serial | 2% | 102.392
|
| $250,000 | 2017 | Serial | 3% | 105.997
|
| $250,000 | 2018 | Serial | 3% | 105.995
|
| $250,000 | 2019 | Serial | 3% | 105.174
|
| $250,000 | 2020 | Serial | 3% | 103.704
|
| $250,000 | 2021 | Serial | 3% | 102.355
|
| $250,000 | 2022 | Serial | 3% | 100.828
|
| $250,000 | 2023 | Serial | 3% | 99.371
|
| $250,000 | 2024 | Serial | 3% | 98.745
|
| $250,000 | 2025 | Serial | 3% | 98.248
|
| $250,000 | 2026 | Serial | 3.125% | 98.961
|
| $250,000 | 2027 | Serial | 3.25% | 98.513
|
| $250,000 | 2028 | Serial | 3.25% | 97.841
|
| $250,000 | 2029 | Serial | 3.375% | 98.437
|
| $250,000 | 2030 | Serial | 3.5% | 98.962
|
| $250,000 | 2031 | Serial | 3.5% | 98.121
|
| $250,000 | 2032 | Serial | 3.5% | 96.689
|
| $3 million | 2033 | Serial | 4% | 101.188
|
| $24.28 million | 2039 | Term | 5% | 108.457
|
| $15.08 million | 2042 | Term | 5% | 108.208
|
| $17,455,000 | 2045 | Term | 5% | 107.548
|
| $27,625,000 | 2049 | Term | 5% | 106.893
|
|
|
| $25.88 million series 2013 motor vehicle rental tax bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $380,000 | 2014 | Serial | 2% | 101.622
|
| $385,000 | 2015 | Serial | 2% | 102.062
|
| $395,000 | 2016 | Serial | 2% | 102.392
|
| $405,000 | 2017 | Serial | 3% | 105.952
|
| $415,000 | 2018 | Serial | 3% | 105.941
|
| $425,000 | 2019 | Serial | 3% | 105.114
|
| $440,000 | 2020 | Serial | 3% | 103.634
|
| $455,000 | 2021 | Serial | 3% | 102.278
|
| $465,000 | 2022 | Serial | 3% | 100.745
|
| $480,000 | 2023 | Serial | 3% | 99.282
|
| $495,000 | 2024 | Serial | 3% | 98.65
|
| $510,000 | 2025 | Serial | 3% | 97.943
|
| $525,000 | 2026 | Serial | 3.125% | 98.636
|
| $540,000 | 2027 | Serial | 3.25% | 98.513
|
| $1.74 million | 2030 | Term | 3.375% | 97.342
|
| $1,925,000 | 2033 | Term | 3.75% | 97.89
|
| $2,155,000 | 2036 | Term | 4% | 99.243
|
| $5.28 million | 2042 | Term | 5% | 108.125
|
| $8,465,000 | 2049 | Term | 5% | 106.893
|
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