Published on 6/5/2012 in the Prospect News Municipals Daily.
New Issue: Fort Bend County, Texas, sells $119.09 million of toll road revenue refunding bonds
By Sheri Kasprzak
New York, June 5 - Fort Bend County, Texas, priced $119.09 million of series 2012 unlimited tax and subordinate lien toll road revenue refunding bonds, said a pricing sheet.
The bonds (Aa1//AA+) were sold through senior managers Loop Capital Markets LLC and Raymond James/Morgan Keegan.
The bonds are due 2015 to 2032 with 3.125% to 5% coupons.
Proceeds will be used to refund the county's series 2003 and 2004 unlimited tax toll road revenue bonds.
| Issuer: | Fort Bend County, Texas
|
| Issue: | Series 2012 unlimited tax and subordinate lien toll road revenue refunding bonds
|
| Amount: | $119.09 million
|
| Type: | Negotiated
|
| Underwriters: | Loop Capital Markets LLC and Raymond James/Morgan Keegan
|
| Ratings: | Moody's: Aa1
|
| Fitch: AA+
|
| Pricing date: | June 5
|
| Settlement date: | July 12
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.35 million | 2015 | Serial | 4% | 108.795
|
| $3.55 million | 2016 | Serial | 4% | 111.597
|
| $4,235,000 | 2017 | Serial | 4% | 113.605
|
| $4.97 million | 2018 | Serial | 5% | 120.526
|
| $5,335,000 | 2019 | Serial | 4% | 115.939
|
| $5.69 million | 2020 | Serial | 5% | 123.133
|
| $5.96 million | 2021 | Serial | 5% | 123.772
|
| $6.21 million | 2022 | Serial | 5% | 124.289
|
| $6.45 million | 2023 | Serial | 5% | 122.342
|
| $6.81 million | 2024 | Serial | 5% | 120.716
|
| $7.14 million | 2025 | Serial | 5% | 119.584
|
| $7.52 million | 2026 | Serial | 5% | 118.836
|
| $7.91 million | 2027 | Serial | 5% | 118.093
|
| $8,305,000 | 2028 | Serial | 5% | 117.54
|
| $8.72 million | 2029 | Serial | 5% | 116.899
|
| $900,000 | 2030 | Serial | 3.125% | 96.889
|
| $8,295,000 | 2030 | Serial | 5% | 116.262
|
| $9,625,000 | 2031 | Serial | 5% | 115.719
|
| $10,115,000 | 2032 | Serial | 5% | 115.179
|
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