Published on 11/28/2012 in the Prospect News Municipals Daily.
New Issue: Frisco Independent School District, Texas, sells $100.22 million bonds
By Sheri Kasprzak
New York, Nov. 28 - The Frisco Independent School District of Texas sold $100,215,000 of series 2012B unlimited tax school building and refunding bonds, according to a pricing sheet.
The bonds (Aa1) were sold through Wells Fargo Securities LLC.
The bonds are due 2013 to 2035 with term bonds due in 2037, 2039 and 2042. The serial coupons range from 0% to 5%. The 2037 bonds have a 3% coupon priced at 97.439 and the 2039 bonds have a 4% coupon priced at 108.761. The 2042 bonds have a 3% coupon priced at 96.932.
Proceeds will be used to finance the continued construction of the district's seventh high school and to fund improvements at other district facilities, as well as to refund a portion of existing debt for a net present value savings with no extension of final maturity.
| Issuer: | Frisco Independent School District
|
| Issue: | Series 2012B unlimited tax school building and refunding bonds
|
| Amount: | $100,215,000
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC (lead)
|
| Rating: | Moody's: Aa1
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.48 million | 2013 | Serial | 2% | 101.173
|
| $470,000 | 2014 | Serial | 0% | 98.933
|
| $250,000 | 2015 | Serial | 0% | 97.904
|
| $255,000 | 2016 | Serial | 2% | 105.05
|
| $1.17 million | 2017 | Serial | 2% | 105.846
|
| $3,105,000 | 2018 | Serial | 5% | 122.793
|
| $3.25 million | 2019 | Serial | 5% | 125.535
|
| $3,415,000 | 2020 | Serial | 5% | 127.788
|
| $3.59 million | 2021 | Serial | 5% | 129.239
|
| $3,765,000 | 2022 | Serial | 5% | 130.192
|
| $3,955,000 | 2023 | Serial | 5% | 128.644
|
| $2,535,000 | 2024 | Serial | 5% | 128.133
|
| $2,665,000 | 2025 | Serial | 4% | 116.901
|
| $2,765,000 | 2026 | Serial | 4% | 116.425
|
| $2.88 million | 2027 | Serial | 4% | 115.857
|
| $3 million | 2028 | Serial | 4% | 115.574
|
| $3.13 million | 2029 | Serial | 5% | 125.414
|
| $3,285,000 | 2030 | Serial | 5% | 124.819
|
| $3.45 million | 2031 | Serial | 5% | 124.228
|
| $3.63 million | 2032 | Serial | 5% | 123.738
|
| $3.82 million | 2033 | Serial | 5% | 123.249
|
| $2,035,000 | 2034 | Serial | 5% | 122.57
|
| $2,365,000 | 2035 | Serial | 3% | 99.022
|
| $115,000 | 2037 | Term | 3% | 97.439
|
| $8,005,000 | 2039 | Term | 4% | 108.761
|
| $31.83 million | 2042 | Term | 3% | 96.932
|
© 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.
