Published on 8/10/2011 in the Prospect News Municipals Daily.
New Issue: Alamo Community College District, Texas, sells $54.8 million of notes
By Sheri Kasprzak
New York, Aug. 10 - The Alamo Community College District of Texas priced $54.795 million of series 2011 maintenance tax notes, according to an official statement.
The notes (Aaa/AA+) were sold through Loop Capital Markets LLC with Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc., RBC Capital Markets LLC and Raymond James & Associates Inc. as the co-managers.
The bonds are due 2012 to 2031 with 2% to 5% coupons.
Proceeds will be used to renovate and repair existing district facilities.
| Issuer: | Alamo Community College District
|
| Issue: | Series 2011 maintenance notes
|
| Amount: | $54.795 million
|
| Type: | Negotiated
|
| Underwriters: | Loop Capital Markets LLC (lead), Siebert Brandford Shank & Co. LLC, Citigroup Global Markets Inc., RBC Capital Markets LLC and Raymond James & Associates Inc. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 5
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $3.64 million | 2012 | Serial | 2% | 0.189%
|
| $3.805 million | 2013 | Serial | 3% | 0.40%
|
| $3.945 million | 2014 | Serial | 4% | 0.65%
|
| $4.08 million | 2015 | Serial | 3.5% | 0.89%
|
| $4.245 million | 2016 | Serial | 4% | 1.23%
|
| $1.64 million | 2017 | Serial | 5% | 1.59%
|
| $1.715 million | 2018 | Serial | 3.75% | 1.95%
|
| $1.795 million | 2019 | Serial | 5% | 2.27%
|
| $1.875 million | 2020 | Serial | 4% | 2.55%
|
| $1.96 million | 2021 | Serial | 5% | 2.73%
|
| $2.06 million | 2022 | Serial | 5% | 2.97%
|
| $2.17 million | 2023 | Serial | 5% | 3.17%
|
| $2.28 million | 2024 | Serial | 5% | 3.32%
|
| $2.395 million | 2025 | Serial | 5% | 3.44%
|
| $2.52 million | 2026 | Serial | 5% | 3.53%
|
| $2.65 million | 2027 | Serial | 5% | 3.62%
|
| $2.785 million | 2028 | Serial | 5% | 3.71%
|
| $2.925 million | 2029 | Serial | 5% | 3.80%
|
| $3.075 million | 2030 | Serial | 5% | 3.89%
|
| $3.235 million | 2031 | Serial | 5% | 4.00%
|
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