Published on 5/17/2013 in the Prospect News Municipals Daily.
New Issue: Hays Consolidated ISD, Texas, brings to market $54.48 million refunding bonds
By Sheri Kasprzak
New York, May 17 - The Hays Consolidated Independent School District sold $54,475,000 of series 2013 unlimited tax refunding bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold through senior manager BOSC Inc.
The bonds are due 2016 to 2030 with 2% to 5% coupons.
Proceeds will be used to refund the district's series 2004, 2005A and 2007 unlimited tax school building bonds.
| Issuer: | Hays Consolidated Independent School District
|
| Issue: | Series 2013 unlimited tax refunding bonds
|
| Amount: | $54,475,000
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), Robert W. Baird & Co., Edward D. Jones & Co. LP and Southwest Securities Inc. (co-managers)
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | May 16
|
| Settlement date: | June 11
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.62 million | 2016 | Serial | 3% | 107.608
|
| $2.49 million | 2017 | Serial | 4% | 113.253
|
| $2.59 million | 2018 | Serial | 5% | 120.245
|
| $800,000 | 2019 | Serial | 2% | 104.444
|
| $2.53 million | 2020 | Serial | 5% | 123.654
|
| $2,615,000 | 2021 | Serial | 5% | NRO
|
| $2.73 million | 2022 | Serial | 5% | 125.514
|
| $2.63 million | 2023 | Serial | 5% | 126.447
|
| $2,795,000 | 2024 | Serial | 5% | 125.197
|
| $2,915,000 | 2025 | Serial | 5% | 123.963
|
| $430,000 | 2026 | Serial | 4% | 111.781
|
| $2.27 million | 2027 | Serial | 4% | 110.934
|
| $10.75 million | 2027 | Serial | 5% | 122.339
|
| $6 million | 2028 | Serial | 3.5% | 104.176
|
| $7.63 million | 2028 | Serial | 5% | 121.437
|
| $1,795,000 | 2029 | Serial | 5% | 120.641
|
| $1,885,000 | 2030 | Serial | 5% | 120.049
|
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