By Sheri Kasprzak
New York, March 30 - The Hallsville Independent School District of Texas priced Tuesday $86 million in series 2010 school building bonds, according to a pricing sheet.
The sale included $14.275 million in series 2010A tax-exempt bonds and $71.725 million in series 2010B Build America Bonds.
The 2010A bonds are due 2011 to 2016 with 2.5% to 4% coupons. The 2010B bonds are due 2017 to 2030 with 4.272% to 5.966% coupons, all priced at par.
Southwest Securities Inc. was the senior manager.
Proceeds will be used to construct new school buildings, as well as renovate existing schools.
The district is based in Hallsville, Texas.
| Issuer: | Hallsville Independent School District
|
| Issue: | Series 2010 school building bonds
|
| Amount: | $86 million
|
| Type: | Negotiated
|
| Underwriter: | Southwest Securities Inc. (lead)
|
| Pricing date: | March 30
|
| Settlement date: | April 27
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2011 | Serial | 3% | 102.017
|
| 2012 | Serial | 3% | 103.448
|
| 2013 | Serial | 2.5% | 102.953
|
| 2014 | Serial | 3.75% | 107.243
|
| 2015 | Serial | 4% | 108.629
|
| 2016 | Serial | 4% | 107.824
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2017 | Serial | 4.272% | 100
|
| 2018 | Serial | 4.42% | 100
|
| 2019 | Serial | 4.57% | 100
|
| 2020 | Serial | 4.72% | 100
|
| 2021 | Serial | 4.404% | NRO
|
| 2022 | Serial | 5.02% | 100
|
| 2023 | Serial | 4.654% | NRO
|
| 2024 | Serial | 5.27% | 100
|
| 2025 | Serial | 4.904% | NRO
|
| 2026 | Serial | 5.62% | 100
|
| 2027 | Serial | 5.255% | NRO
|
| 2028 | Serial | 5.816% | 100
|
| 2029 | Serial | 5.505% | NRO
|
| 2030 | Serial | 5.966% | 100
|
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