Published on 11/16/2012 in the Prospect News Municipals Daily.
New Issue: Hays Consolidated Independent School, Texas, sells $91.07 million bonds
By Sheri Kasprzak
New York, Nov. 16 - The Hays Consolidated Independent School District of Texas sold $91.07 million of series 2012 unlimited tax refunding bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold through BOSC Inc.
The bonds are due 2016 to 2026 with 2.367% to 5% coupons.
Proceeds will be used to refund the district's series 2004 unlimited tax school building and refunding bonds and series 2005 unlimited tax refunding bonds.
| Issuer: | Hays Consolidated Independent School District
|
| Issue: | Series 2012 unlimited tax refunding bonds
|
| Amount: | $91.07 million
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), Baird & Co. Inc., Citigroup Global Markets Inc. and Edward D. Jones & Co. LP (co-managers)
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | Nov. 15
|
| Settlement date: | Dec. 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.59 million | 2016 | Serial | 4% | 111.498
|
| $6.86 million | 2017 | Serial | 4% | 113.831
|
| $7.13 million | 2018 | Serial | 4% | 114.216
|
| $7.42 million | 2019 | Serial | 5% | 121.186
|
| $7.69 million | 2020 | Serial | 5% | 122.295
|
| $8,175,000 | 2021 | Serial | 5% | 122.995
|
| $8.58 million | 2022 | Serial | 5% | 123.908
|
| $9,015,000 | 2023 | Serial | 2.367% | 100
|
| $9,225,000 | 2024 | Serial | 2.587% | 100
|
| $9,465,000 | 2025 | Serial | 2.737% | 100
|
| $10.92 million | 2026 | Serial | 2.837% | 100
|
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