Published on 6/26/2012 in the Prospect News Municipals Daily.
New Issue: Alamo Community College District, Texas, prices $74.12 million of bonds
By Sheri Kasprzak
New York, June 26 - The Alamo Community College District of Texas sold $74,115,000 of series 2012 limited tax refunding bonds, said a pricing sheet.
The bonds (Aaa/AA+/) were sold through Jefferies & Co. and Ramirez & Co. The co-managers were Citigroup Global Markets Inc., Frost Bank and Siebert Brandford Shank & Co. LLC.
The bonds are due 2033 to 2035 with a term bond due in 2037. The serial coupons range from 3.5% to 5%. The 2037 bonds have a split maturity with a 3.75% coupon priced at 98.397 and a 4% coupon priced at 101.241.
Proceeds will be used to refund the district's series 2007 and 2007A limited tax bonds.
| Issuer: | Alamo Community College District
|
| Issue: | Series 2012 limited tax refunding bonds
|
| Amount: | $74,115,000
|
| Type: | Negotiated
|
| Underwriters: | Jefferies & Co. and Ramirez & Co. (lead), Citigroup Global Markets Inc., Frost Bank and Siebert Brandford Shank & Co. LLC (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Pricing date: | June 26
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,285,000 | 2033 | Serial | 3.5% | 97.804
|
| $16.71 million | 2034 | Serial | 5% | 114.119
|
| $17,545,000 | 2035 | Serial | 5% | 113.568
|
| $10 million | 2037 | Term | 3.75% | 98.397
|
| $27,575,000 | 2037 | Term | 4% | 101.241
|
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