Published on 4/3/2012 in the Prospect News Municipals Daily.
New Issue: Fort Bend County, Texas, prices $58.22 million of road bonds
By Sheri Kasprzak
New York, April 3 - Fort Bend County, Texas, sold $58.22 million of series 2012 unlimited tax road bonds, according to a pricing sheet.
The bonds (/AA+/) were sold through Siebert Brandford Shank & Co. LLC. The co-managers were Raymond James & Associates Inc., Kipling Jones & Co. and Jefferies & Co.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to construct macadamized, graveled and paved roads and turnpikes.
| Issuer: | Fort Bend County, Texas
|
| Issue: | Series 2012 unlimited tax road bonds
|
| Amount: | $58.22 million
|
| Type: | Negotiated
|
| Underwriters: | Siebert Brandford Shank & Co. LLC (lead), Raymond James & Associates Inc., Kipling Jones & Co. and Jefferies & Co.
|
| Ratings: | Standard & Poor's: AA+
|
| Pricing date: | April 3
|
| Settlement date: | May 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,905,000 | 2013 | Serial | 2% | NRO
|
| $1,955,000 | 2014 | Serial | 3% | 104.593
|
| $2.01 million | 2015 | Serial | 3% | 106.382
|
| $2,075,000 | 2016 | Serial | 3% | 107.463
|
| $275,000 | 2017 | Serial | 4% | 112.958
|
| $1.88 million | 2017 | Serial | 5% | 117.636
|
| $2,255,000 | 2018 | Serial | 4% | 113.732
|
| $2,345,000 | 2019 | Serial | 4% | 114.222
|
| $2,455,000 | 2020 | Serial | 5% | 121.406
|
| $2.58 million | 2021 | Serial | 5% | 122.005
|
| $2,715,000 | 2022 | Serial | 5% | 120.052
|
| $2.85 million | 2023 | Serial | 5% | 118.396
|
| $3 million | 2024 | Serial | 5% | 117.022
|
| $3,155,000 | 2025 | Serial | 5% | 115.835
|
| $3,315,000 | 2026 | Serial | 5% | 114.912
|
| $3,485,000 | 2027 | Serial | 5% | 114.164
|
| $3,645,000 | 2028 | Serial | 4% | 103.305
|
| $3,795,000 | 2029 | Serial | 4% | 102.77
|
| $3.97 million | 2030 | Serial | 5% | 112.603
|
| $4.17 million | 2031 | Serial | 5% | 112.196
|
| $4,385,000 | 2032 | Serial | 5% | 111.791
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
