Published on 2/29/2016 in the Prospect News Municipals Daily.
New Issue: Allen ISD, Texas, brings to market $146.53 million of refunding bonds
By Sheri Kasprzak
New York, Feb. 29 – The Allen Independent School District of Texas sold $146.53 million of series 2016 unlimited tax refunding bonds, according to a pricing sheet.
The bonds were sold through BOSC Inc.
The bonds are due 2016 and 2018 to 2040 with 1% to 5% coupons and yields from 0.26% to 3.12%.
Proceeds will be used to refund existing bonds.
Issuer: | Allen Independent School District
|
Issue: | Series 2016 unlimited tax refunding bonds
|
Amount: | $146.53 million
|
Type: | Negotiated
|
Underwriter: | BOSC Inc.
|
Pricing date: | Feb. 25
|
Settlement date: | March 24
|
|
Amount | Maturity | Type | Coupon | Price | Yield
|
$1.14 million | 2016 | Serial | 1% | 100.289 | 0.26%
|
$3.19 million | 2018 | Serial | 2% | 102.495 | 0.67%
|
$4.23 million | 2019 | Serial | 5% | 111.797 | 0.86%
|
$6,885,000 | 2020 | Serial | 5% | 115.229 | 1.00%
|
$7,285,000 | 2021 | Serial | 5% | 118.365 | 1.13%
|
$6.55 million | 2022 | Serial | 5% | 120.855 | 1.31%
|
$7.65 million | 2023 | Serial | 5% | 122.833 | 1.50%
|
$8,065,000 | 2024 | Serial | 5% | 124.44 | 1.68%
|
$8.48 million | 2025 | Serial | 5% | 125.808 | 1.84%
|
$7,615,000 | 2026 | Serial | 5% | 127.109 | 1.97%
|
$8.01 million | 2027 | Serial | 5% | 125.778 | 2.10%
|
$8.32 million | 2028 | Serial | 2.5% | 99.183 | 2.58%
|
$6.86 million | 2029 | Serial | 2.75% | 99.675 | 2.78%
|
$7,055,000 | 2030 | Serial | 3% | 100.168 | 2.98%
|
$7.31 million | 2031 | Serial | 4% | 110.485 | 2.78%
|
$7.65 million | 2032 | Serial | 5% | 121.103 | 2.57%
|
$8,045,000 | 2033 | Serial | 5% | 120.618 | 2.62%
|
$8.41 million | 2034 | Serial | 4% | 108.323 | 3.02%
|
$4,295,000 | 2035 | Serial | 5% | 119.846 | 2.70%
|
$4.49 million | 2036 | Serial | 4% | 107.437 | 3.12%
|
$4.7 million | 2037 | Serial | 5% | 118.89 | 2.80%
|
$4.94 million | 2038 | Serial | 5% | 118.321 | 2.86%
|
$5,195,000 | 2039 | Serial | 5% | 117.849 | 2.91%
|
$160,000 | 2040 | Serial | 5% | 117.473 | 2.95%
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