Published on 5/15/2014 in the Prospect News Municipals Daily.
New Issue: Fort Bend Independent School, Texas, prices $71.73 million bond deal
By Sheri Kasprzak
New York, May 15 - The Fort Bend Independent School District of Texas sold $71,725,000 of series 2014 unlimited tax refunding bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold through Baird & Co.
The bonds are due 2015 to 2017 and 2024 to 2030 with 2% to 5% coupons and 0.22% to 3.16% yields.
Proceeds will be used to refund the district's series 2004 school building bonds and its series 2004A school building and refunding bonds.
| Issuer: | Fort Bend Independent School District, Texas
|
| Issue: | Series 2014 unlimited tax refunding bonds
|
| Amount: | $71,725,000
|
| Type: | Negotiated
|
| Underwriters: | Baird & Co. (lead), Citigroup Global Markets Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan (co-managers)
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | May 15
|
| Settlement date: | June 17
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $9,085,000 | 2015 | Serial | 2% | 102.062 | 0.22%
|
| $7,145,000 | 2016 | Serial | 3% | 105.655 | 0.37%
|
| $7,355,000 | 2017 | Serial | 3% | 107.242 | 0.68%
|
| $1,995,000 | 2024 | Serial | 5% | 123.317 | 2.40%
|
| $2,105,000 | 2025 | Serial | 5% | 122.407 | 2.49%
|
| $1 million | 2026 | Serial | 4% | 110.732 | 2.78%
|
| $1,215,000 | 2026 | Serial | 5% | 121.306 | 2.60%
|
| $2,325,000 | 2027 | Serial | 5% | 120.414 | 2.69%
|
| $12.52 million | 2028 | Serial | 5% | 119.726 | 2.76%
|
| $13.2 million | 2029 | Serial | 4% | 107.88 | 3.09%
|
| $13.78 million | 2030 | Serial | 4% | 107.248 | 3.16%
|
© 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.
