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Published on 1/20/2016 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Irving ISD, Texas, calls $109.49 million building, refunding bonds

By Tali Rackner

Norfolk, Va., Jan. 20 – The Irving Independent School District of Texas called all $109,485,000 of its series 2006 unlimited tax building and refunding bonds, according to two notices.

The following will be redeemed at par on Feb. 15:

• $260,000 of 4.375% bonds due Feb. 15, 2017;

• $270,000 of 4.4% bonds due Feb. 15, 2018;

• $285,000 of 4.5% bonds due Feb. 15, 2019;

• $295,000 of 4.5% bonds due Feb. 15, 2020;

• $310,000 of 4.625% bonds due Feb. 15, 2021;

• $325,000 of 4.625% bonds due Feb. 15, 2022;

• $340,000 of 4.625% bonds due Feb. 15, 2023;

• $355,000 of 4.7% bonds due Feb. 15, 2024;

• $375,000 of 4.7% bonds due Feb. 15, 2025;

• $390,000 of 4.7% bonds due Feb. 15, 2026;

• $410,000 of 4.625% bonds due Feb. 15, 2027;

• $430,000 of 4.625% bonds due Feb. 15, 2028; and

• $2.48 million of 4.75% bonds due Feb. 15, 2033.

The following will be redeemed at their respective redemption prices on Feb. 15:

• $5.05 million of bonds due Feb. 15, 2017, to be redeemed at 95.2836;

• $5.05 million of bonds due Feb. 15, 2018, to be redeemed at 90.6658;

• $5,045,000 of bonds due Feb. 15, 2019, to be redeemed at 86.1288;

• $5.05 million of bonds due Feb. 15, 2020, to be redeemed at 81.755;

• $5,045,000 of bonds due Feb. 15, 2021, to be redeemed at 77.5506;

• $5.05 million of bonds due Feb. 15, 2022, to be redeemed at 73.4906;

• $5,045,000 of bonds due Feb. 15, 2023, to be redeemed at 69.6228;

• $16,425,000 of bonds due Feb. 15, 2024, to be redeemed at 65.9588;

• $16,425,000 of bonds due Feb. 15, 2025, to be redeemed at 62.3962;

• $16,425,000 of bonds due Feb. 15, 2026, to be redeemed at 59.0376;

• $9,175,000 of bonds due Feb. 15, 2027, to be redeemed at 55.8272; and

• $9,175,000 of bonds due Feb. 15, 2028, to be redeemed at 52.884.

The Bank of New York Mellon Trust Co., NA is the trustee agent.


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