By Sheri Kasprzak
New York, Aug. 13 – The Hays Consolidated Independent School District of Texas sold $52.09 million of series 2014 unlimited tax school building bonds, according to pricing sheet.
The bonds (/AA-/AA-) were sold through Baird & Co. Inc.
The bonds are due 2015 to 2034 with term bonds due in 2036 and 2039. The serial coupons range from 2% to 5% with 0.13% to 3.14% yields. The 2036 bonds have a 5% coupon priced at 114.248 to yield 3.24% and the 2039 bonds have a 5% coupon priced at 113.376 to yield 3.34%.
Proceeds will be used to construct, equip, renovate, improve, rehabilitate or acquire school buildings in the district, as well as to purchase new buses.
| Issuer: | Hays Consolidated Independent School District
|
| Issue: | Series 2014 unlimited tax school building bonds
|
| Amount: | $52.09 million
|
| Type: | Negotiated
|
| Underwriters: | Baird & Co. Inc. (lead), BOSC Inc., Citigroup Global Markets Inc. and Estrada Hinojosa & Co. Inc. (co-managers)
|
| Ratings: | Standard & Poor’s: AA-
|
| Fitch: AA-
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 27
|
|
|
| Maturity | Type | Coupon | Price | Yield
|
| 2015 | Serial | 2% | 100.872 | 0.13%
|
| 2016 | Serial | 3% | 103.963 | 0.29%
|
| 2017 | Serial | 4% | 108.492 | 0.53%
|
| 2018 | Serial | 5% | 106.796 | 0.35%
|
| 2019 | Serial | 5% | 110.575 | 0.67%
|
| 2020 | Serial | 5% | 113.778 | 0.95%
|
| 2021 | Serial | 5% | 120.195 | 1.69%
|
| 2022 | Serial | 5% | 121.096 | 1.95%
|
| 2023 | Serial | 5% | 121.866 | 2.16%
|
| 2024 | Serial | 5% | 122.946 | 2.29%
|
| 2025 | Serial | 5% | 121.805 | 2.41%
|
| 2026 | Serial | 5% | 120.77 | 2.52%
|
| 2027 | Serial | 5% | 119.931 | 2.61%
|
| 2028 | Serial | 5% | 118.731 | 2.74%
|
| 2029 | Serial | 5% | 118 | 2.82%
|
| 2030 | Serial | 5% | 117.274 | 2.90%
|
| 2031 | Serial | 5% | 116.644 | 2.97%
|
| 2032 | Serial | 5% | 116.017 | 3.04%
|
| 2033 | Serial | 5% | 115.572 | 3.09%
|
| 2034 | Serial | 5% | 115.129 | 3.14%
|
| 2036 | Term | 5% | 114.248 | 3.24%
|
| 2039 | Term | 5% | 113.376 | 3.34%
|
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