Published on 6/6/2012 in the Prospect News Municipals Daily.
New Issue: Fort Bend school district, Texas, prices $88.81 million refunding bonds
By Sheri Kasprzak
New York, June 6 - The Fort Bend Independent School District of Texas sold $88.81 million of series 2012 unlimited tax refunding bonds, said a pricing sheet.
The bonds (/AAA/AAA) were sold through BOSC Inc. with Jefferies & Co., Raymond James/Morgan Keegan and Wells Fargo Securities LLC as the co-managers.
The bonds are due 2018 to 2027 with 5% coupons.
Proceeds will be used to refund the district's series 2004, 2004A and 2008 unlimited tax school building bonds.
Issuer: | Fort Bend Independent School District, Texas
|
Issue: | Series 2012 unlimited tax refunding bonds
|
Amount: | $88.81 million
|
Type: | Negotiated
|
Underwriters: | BOSC Inc. (lead), Jefferies & Co., Raymond James/Morgan Keegan and Wells Fargo Securities LLC (co-managers)
|
Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
Pricing date: | June 6
|
Settlement date: | July 27
|
|
Amount | Maturity | Type | Coupon | Price
|
$7.63 million | 2018 | Serial | 5% | 122.536
|
$7.99 million | 2019 | Serial | 5% | 124.203
|
$8.38 million | 2020 | Serial | 5% | 125.052
|
$8.78 million | 2021 | Serial | 5% | 125.496
|
$9,205,000 | 2022 | Serial | 5% | 126.448
|
$9,605,000 | 2023 | Serial | 5% | 124.688
|
$7,065,000 | 2024 | Serial | 5% | 123.261
|
$7,415,000 | 2025 | Serial | 5% | 122.053
|
$11.09 million | 2026 | Serial | 5% | 121.256
|
$11.65 million | 2027 | Serial | 5% | 120.465
|
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