By Sheri Kasprzak
New York, June 23 - Hays County in Texas sold $88.965 million of series 2011 bonds on Thursday, said a pricing sheet.
The deal included $10.015 million of series 2011 limited tax bonds, $42.115 million of series 2011 passthrough toll revenue and unlimited tax bonds and $36.835 million of series 2011 unlimited tax road bonds.
The limited tax bonds are due 2012 to 2031 with 2% to 4.375% coupons.
The passthrough toll revenue and unlimited tax bonds are due 2014 to 2030 with a term bond due in 2032. The serial coupons range from 2% to 5%. The 2032 bonds have a 5% coupon priced at 103.668.
The unlimited tax road bonds are due 2012 to 2013 and 2015 to 2030 with term bonds due in 2032 and 2036. The serial coupons range from 2% to 5%. The 2032 bonds have a 4.75% coupon priced at 100.486, and the 2036 bonds have a 5% coupon priced at 101.953.
The bonds (/AA/AA) were sold through Samco Capital Markets Inc. The co-managers were Raymond James & Associates Inc., Morgan Keegan & Co. Inc., Piper Jaffray & Co. and Citigroup Global Markets Inc.
Proceeds will be used to construct, improve, renovate, equip and acquire land and buildings for parks, natural areas, open space, water quality preservation, aquifer recharge areas and wildlife habitat, conservation easements and recreation, as well as to construct, operate, maintain, expand and repair state highways within the county and county roads.
The county seat is San Marcos.
| Issuer: | Hays County, Texas
|
| Issue: | Series 2011 road bonds
|
| Amount: | $88.965 million
|
| Type: | Negotiated
|
| Underwriters: | Samco Capital Markets Inc. (lead), Raymond James & Associates Inc., Morgan Keegan & Co. Inc., Piper Jaffray & Co. and Citigroup Global Markets Inc. (co-managers)
|
| Ratings: | Standard & Poor's: AA
|
| Fitch: AA
|
| Pricing date: | June 23
|
| Settlement date: | July 14
|
|
|
| $10.015 million series 2011 limited tax bonds
|
| Maturity | Type | Coupon | Price
|
| 2012 | Serial | 2% | 100.935
|
| 2013 | Serial | 2% | 102.046
|
| 2014 | Serial | 2% | 102.442
|
| 2015 | Serial | 2% | 102.302
|
| 2016 | Serial | 2% | 101.761
|
| 2017 | Serial | 2.25% | 101.261
|
| 2018 | Serial | 2.5% | 100.848
|
| 2019 | Serial | 3% | 102.182
|
| 2020 | Serial | 3% | 100.602
|
| 2021 | Serial | 3% | 98.765
|
| 2022 | Serial | 4% | NRO
|
| 2023 | Serial | 4% | NRO
|
| 2024 | Serial | 4% | NRO
|
| 2025 | Serial | 4% | 99.789
|
| 2026 | Serial | 4% | 98.475
|
| 2027 | Serial | 4% | 97.391
|
| 2028 | Serial | 4.125% | 97.704
|
| 2029 | Serial | 4.25% | 98.053
|
| 2030 | Serial | 4.375% | 98.433
|
| 2031 | Serial | 4.375% | 97.238
|
|
|
| $42.115 million series 2011 passthrough toll revenue and unlimited tax bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $100,000 | 2014 | Serial | 2% | 102.442
|
| $365,000 | 2015 | Serial | 2% | 102.302
|
| $860,000 | 2016 | Serial | 2% | 101.85
|
| $1.37 million | 2017 | Serial | 5% | 115.837
|
| $1.635 million | 2018 | Serial | 5% | 116.146
|
| $1.96 million | 2019 | Serial | 5% | 115.977
|
| $1.885 million | 2020 | Serial | 5% | 115.775
|
| $1.805 million | 2021 | Serial | 5% | 114.143
|
| $2.245 million | 2022 | Serial | 5% | 112.379
|
| $2.36 million | 2023 | Serial | 5% | 111.116
|
| $2.485 million | 2024 | Serial | 5% | 109.87
|
| $2.61 million | 2025 | Serial | 5% | 108.718
|
| $2.745 million | 2026 | Serial | 5% | 107.806
|
| $2.885 million | 2027 | Serial | 5% | 107.128
|
| $3.035 million | 2028 | Serial | 5% | 106.306
|
| $3.19 million | 2029 | Serial | 5% | 105.639
|
| $3.35 million | 2030 | Serial | 5% | 104.977
|
| $7.23 million | 2032 | Term | 5% | 103.668
|
|
|
| $36.835 million series 2011 unlimited tax road bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $200,000 | 2012 | Serial | 2% | 100.935
|
| $120,000 | 2013 | Serial | 2% | 102.046
|
| $995,000 | 2015 | Serial | 3% | 105.792
|
| $1.03 million | 2016 | Serial | 4% | 110.664
|
| $1.075 million | 2017 | Serial | 4% | 110.575
|
| $1.115 million | 2018 | Serial | 4% | 110.076
|
| $1.17 million | 2019 | Serial | 5% | 115.977
|
| $1.23 million | 2020 | Serial | 5% | 115.775
|
| $1.28 million | 2021 | Serial | 3% | 99.092
|
| $1.33 million | 2022 | Serial | 5% | 112.379
|
| $1.4 million | 2023 | Serial | 5% | 111.116
|
| $1.47 million | 2024 | Serial | 5% | 109.87
|
| $1.545 million | 2025 | Serial | 4.75% | 106.223
|
| $1.62 million | 2026 | Serial | 4.75% | 105.178
|
| $1.695 million | 2027 | Serial | 4.75% | 104.293
|
| $1.78 million | 2028 | Serial | 4.75% | 103.489
|
| $1.865 million | 2029 | Serial | 4.75% | 102.692
|
| $1.955 million | 2030 | Serial | 4.75% | 101.974
|
| $4.2 million | 2032 | Term | 4.75% | 100.486
|
| $9.76 million | 2036 | Term | 5% | 101.953
|
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