Published on 11/6/2013 in the Prospect News Municipals Daily.
New Issue: Frisco ISD, Texas, details its $95 million bond offering
By Sheri Kasprzak
New York, Nov. 6 - The Frisco Independent School District of Texas released additional information on its $95 million of series 2013 school building bonds.
The bonds (/AAA/) were sold competitively. BofA Merrill Lynch won the bid at a 4.034778% true interest cost, said a source close to the deal.
The bonds are due 2015 to 2043 with 3% to 5% coupons.
Proceeds will be used to construct, improve, renovate and equip school buildings within the district.
Issuer: | Frisco Independent School District
|
Issue: | Series 2013 school building bonds
|
Amount: | $95 million
|
Type: | Competitive
|
Underwriter: | BofA Merrill Lynch (winner)
|
TIC: | 4.034778%
|
Rating: | Standard & Poor's: AAA
|
Pricing date: | Nov. 5
|
Settlement date: | Dec. 5
|
|
Amount | Maturity | Type | Coupon | Price
|
$1,525,000 | 2015 | Serial | 3% | 104.438
|
$1,655,000 | 2016 | Serial | 5% | 111.844
|
$1,795,000 | 2017 | Serial | 5% | 115.179
|
$1,935,000 | 2018 | Serial | 5% | 117.643
|
$1.99 million | 2019 | Serial | 3% | 107.929
|
$2.05 million | 2020 | Serial | 4% | 113.274
|
$2.12 million | 2021 | Serial | 4% | 112.75
|
$2,205,000 | 2022 | Serial | 5% | 120.464
|
$2.29 million | 2023 | Serial | 5% | 120.826
|
$2.38 million | 2024 | Serial | 5% | 119.3
|
$2.5 million | 2025 | Serial | 4% | 109.411
|
$2,625,000 | 2026 | Serial | 4% | 108.004
|
$2.76 million | 2027 | Serial | 4% | 106.705
|
$2,895,000 | 2028 | Serial | 5% | 113.646
|
$3,045,000 | 2029 | Serial | 5% | 112.499
|
$3.19 million | 2030 | Serial | 5% | 111.453
|
$3.35 million | 2031 | Serial | 5% | 110.675
|
$3.52 million | 2032 | Serial | 5% | 109.905
|
$3,695,000 | 2033 | Serial | 5% | 109.395
|
$3,885,000 | 2034 | Serial | 5% | 108.887
|
$4.05 million | 2035 | Serial | 5% | 108.383
|
$4,225,000 | 2036 | Serial | 4% | 96.377
|
$4,415,000 | 2037 | Serial | 4% | 95.707
|
$4,605,000 | 2038 | Serial | 4% | 95.165
|
$4,805,000 | 2039 | Serial | 4% | 93.875
|
$5,025,000 | 2040 | Serial | 4.25% | 100.792
|
$5.25 million | 2041 | Serial | 4.25% | 96.983
|
$5,485,000 | 2042 | Serial | 4.25% | 96.771
|
$5.73 million | 2043 | Serial | 4.25% | 96.556
|
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