Published on 5/4/2016 in the Prospect News Municipals Daily.
New Issue: Dallas County Community College, Texas, sells $123.5 million G.O. bonds
By Sheri Kasprzak
New York, May 4 – The Dallas County Community College District of Texas priced $123,495,000 of series 2016 general obligation refunding bonds, according to a pricing sheet.
The bonds (Aaa/AAA/AAA) were sold competitively.
The bonds are due 2017 to 2028 with 3% to 5% coupons.
Proceeds will be used to refund the district’s series 2008 G.O. refunding and improvement bonds.
| Issuer: | Dallas County Community College District
|
| Issue: | Series 2016 general obligation refunding bonds
|
| Amount: | $123,495,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Pricing date: | May 3
|
| Settlement date: | June 2
|
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|
| Amount | Maturity | Type | Coupon | Price
|
| $7.91 million | 2017 | Serial | 3% | 101.73
|
| $9.84 million | 2018 | Serial | 5% | 107.353
|
| $15.3 million | 2019 | Serial | 5% | 111.292
|
| $16.95 million | 2020 | Serial | 5% | 114.857
|
| $9.2 million | 2021 | Serial | 5% | 118.228
|
| $7.7 million | 2022 | Serial | 5% | 121.006
|
| $8 million | 2023 | Serial | 5% | 123.53
|
| $6.55 million | 2024 | Serial | 5% | 125.783
|
| $8.8 million | 2025 | Serial | 5% | 127.517
|
| $10,565,000 | 2026 | Serial | 5% | 129.09
|
| $11,055,000 | 2027 | Serial | 3% | 108.318
|
| $11,625,000 | 2028 | Serial | 3% | 107.043
|
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