Published on 4/22/2014 in the Prospect News Municipals Daily.
New Issue: Travis County, Texas, offers up $84.83 million of certificates, bonds
By Sheri Kasprzak
New York, April 22 - Travis County, Texas, sold $84,825,000 of series 2014 certificates and bonds, according to a pricing sheet.
The offering included $38.99 million of series 2014 certificates of obligation, $4.95 million of series 2014 state highway system bonds, $15,665,000 of series 2014 permanent improvement bonds and $25.22 million of series 2014 unlimited tax road bonds.
The certificates are due 2015 to 2034 with 1.5% to 3.5% coupons.
The highway system bonds are due 2015 to 2034 with coupons from 2% to 3.5% and yields from 0.18% to 3.63%.
The improvement bonds are due 2015 to 2034 with 2% to 3.5% coupons and yields from 0.15% to 3.62%.
The road bonds are due 2015 to 2034 with coupons from 2% to 3.5% and yields from 0.18% to 3.63%.
The bonds (Aaa/AAA/) were sold competitively. The winning bidders were not immediately available.
Proceeds will be used to install, equip, improve and construct capital improvements throughout the county, as well as to finance improvements to county parks and recreational facilities.
| Issuer: | Travis County, Texas
|
| Issue: | Series 2014 certificates of obligation and bonds
|
| Amount: | $84,825,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | April 22
|
| Settlement date: | May 13
|
|
|
| $38.99 million series 2014 certificates of obligation
|
| Amount | Maturity | Type | Coupon | Price
|
| $4,725,000 | 2015 | Serial | 1.5% | 101.078
|
| $5,065,000 | 2016 | Serial | 1.5% | 102.061
|
| $5,135,000 | 2017 | Serial | 1.5% | 102.354
|
| $5,205,000 | 2018 | Serial | 1.5% | 102.047
|
| $5.27 million | 2019 | Serial | 1.5% | 101.16
|
| $715,000 | 2020 | Serial | 2% | 102.318
|
| $740,000 | 2021 | Serial | 2% | 100.825
|
| $765,000 | 2022 | Serial | 2.25% | 101.072
|
| $790,000 | 2023 | Serial | 2.5% | 101.583
|
| $815,000 | 2024 | Serial | 2.5% | 100.431
|
| $840,000 | 2025 | Serial | 2.5% | 98.597
|
| $870,000 | 2026 | Serial | 3% | 101.529
|
| $895,000 | 2027 | Serial | 3% | 100
|
| $925,000 | 2028 | Serial | 3% | 98.505
|
| $955,000 | 2029 | Serial | 3.125% | 98.746
|
| $990,000 | 2030 | Serial | 3.25% | 99.385
|
| $1.02 million | 2031 | Serial | 3.25% | 98.252
|
| $1,055,000 | 2032 | Serial | 3.375% | 98.494
|
| $1.09 million | 2033 | Serial | 3.5% | 99.314
|
| $1,125,000 | 2034 | Serial | 3.5% | 98.505
|
|
|
| $4.95 million series 2014 state highway system bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $125,000 | 2015 | Serial | 3% | 102.253 | 0.18%
|
| $185,000 | 2016 | Serial | 3% | 104.713 | 0.37%
|
| $190,000 | 2017 | Serial | 2% | 103.711 | 0.66%
|
| $200,000 | 2018 | Serial | 2% | 103.871 | 0.96%
|
| $205,000 | 2019 | Serial | 2% | 103.577 | 1.23%
|
| $215,000 | 2020 | Serial | 3% | 107.954 | 1.56%
|
| $220,000 | 2021 | Serial | 3% | 106.72 | 1.94%
|
| $225,000 | 2022 | Serial | 3% | 106.739 | 2.06%
|
| $235,000 | 2023 | Serial | 3% | 105.791 | 2.27%
|
| $240,000 | 2024 | Serial | 3% | 104.585 | 2.47%
|
| $250,000 | 2025 | Serial | 3% | 103.001 | 2.65%
|
| $260,000 | 2026 | Serial | 3% | 101.529 | 2.82%
|
| $265,000 | 2027 | Serial | 3% | 100.166 | 2.98%
|
| $275,000 | 2028 | Serial | 3% | 98.328 | 3.15%
|
| $285,000 | 2029 | Serial | 3% | 97.193 | 3.24%
|
| $295,000 | 2030 | Serial | 3.25% | 99.141 | 3.32%
|
| $305,000 | 2031 | Serial | 3.25% | 98.088 | 3.40%
|
| $315,000 | 2032 | Serial | 3.375% | 98.35 | 3.50%
|
| $325,000 | 2033 | Serial | 3.375% | 97.342 | 3.57%
|
| $335,000 | 2034 | Serial | 3.5% | 98.171 | 3.63%
|
|
|
| $15,665,000 series 2014 permanent improvement bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $390,000 | 2015 | Serial | 2% | 101.478 | 0.15%
|
| $595,000 | 2016 | Serial | 2% | 102.994 | 0.33%
|
| $615,000 | 2017 | Serial | 2% | 103.881 | 0.60%
|
| $635,000 | 2018 | Serial | 2% | 104.214 | 0.87%
|
| $655,000 | 2019 | Serial | 2% | 103.91 | 1.16%
|
| $675,000 | 2020 | Serial | 2% | 102.766 | 1.50%
|
| $695,000 | 2021 | Serial | 3% | 107.646 | 1.80%
|
| $720,000 | 2022 | Serial | 3% | 106.813 | 2.05%
|
| $745,000 | 2023 | Serial | 3% | 105.955 | 2.25%
|
| $765,000 | 2024 | Serial | 3% | 105.12 | 2.41%
|
| $790,000 | 2025 | Serial | 3% | 103.438 | 2.60%
|
| $815,000 | 2026 | Serial | 3% | 102.132 | 2.75%
|
| $845,000 | 2027 | Serial | 3% | 100.42 | 2.95%
|
| $870,000 | 2028 | Serial | 3% | 98.881 | 3.10%
|
| $900,000 | 2029 | Serial | 3% | 97.078 | 3.25%
|
| $930,000 | 2030 | Serial | 3.125% | 97.614 | 3.32%
|
| $960,000 | 2031 | Serial | 3.25% | 98.088 | 3.40%
|
| $990,000 | 2032 | Serial | 3.375% | 98.35 | 3.50%
|
| $1.02 million | 2033 | Serial | 3.375% | 97.476 | 3.56%
|
| $1,055,000 | 2034 | Serial | 3.5% | 98.31 | 3.62%
|
|
|
| $25.22 million series 2014 unlimited tax road bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $625,000 | 2015 | Serial | 2% | 101.454 | 0.18%
|
| $955,000 | 2016 | Serial | 2% | 102.921 | 0.37%
|
| $985,000 | 2017 | Serial | 3% | 106.48 | 0.66%
|
| $1.02 million | 2018 | Serial | 3% | 107.593 | 0.96%
|
| $1,055,000 | 2019 | Serial | 3% | 108.224 | 1.23%
|
| $1,085,000 | 2020 | Serial | 2% | 102.429 | 1.56%
|
| $1.12 million | 2021 | Serial | 3% | 106.72 | 1.94%
|
| $1.16 million | 2022 | Serial | 2% | 99.568 | 2.06%
|
| $1,195,000 | 2023 | Serial | 3% | 105.791 | 2.27%
|
| $1,235,000 | 2024 | Serial | 3% | 104.585 | 2.47%
|
| $1,275,000 | 2025 | Serial | 3% | 103.001 | 2.65%
|
| $1,315,000 | 2026 | Serial | 3% | 101.529 | 2.82%
|
| $1.36 million | 2027 | Serial | 3% | 100.166 | 2.98%
|
| $1,405,000 | 2028 | Serial | 3% | 98.328 | 3.15%
|
| $1.45 million | 2029 | Serial | 3% | 97.193 | 3.24%
|
| $1,495,000 | 2030 | Serial | 3.125% | 97.614 | 3.32%
|
| $1,545,000 | 2031 | Serial | 3.25% | 98.088 | 3.40%
|
| $1,595,000 | 2032 | Serial | 3.375% | 98.35 | 3.50%
|
| $1,645,000 | 2033 | Serial | 3.375% | 97.342 | 3.57%
|
| $1.7 million | 2034 | Serial | 3.5% | 98.171 | 3.63%
|
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