Published on 4/29/2015 in the Prospect News Municipals Daily.
New Issue: Humble Independent School, Texas, sells $211.38 million refunding bonds
By Sheri Kasprzak
New York, April 29 – The Humble Independent School District of Texas sold $211,375,000 of series 2015A unlimited tax school building and refunding bonds, according to a pricing sheet.
The bonds (Aaa/AAA/) were sold competitively.
The bonds are due 2016 to 2037 with a term bond due in 2039. The serial coupons range from 3.5% to 5.5%. The 2039 bonds have a 3.5% coupon priced at 98.725.
Proceeds will be used to construct, equip, acquire and furnish school facilities within the district and refund the district’s series 2005A unlimited tax refunding bonds and 2006 unlimited tax school building bonds.
| Issuer: | Humble Independent School District
|
| Issue: | Series 2015A unlimited tax school building and refunding bonds
|
| Amount: | $211,375,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Pricing date: | April 28
|
| Settlement date: | May 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2.06 million | 2016 | Serial | 5% | 103.385
|
| $2.54 million | 2017 | Serial | 5% | 107.49
|
| $4.54 million | 2018 | Serial | 5% | 110.824
|
| $5,655,000 | 2019 | Serial | 5.5% | 115.493
|
| $2.39 million | 2020 | Serial | 5.5% | 118.387
|
| $4.71 million | 2021 | Serial | 5% | 118.373
|
| $4.8 million | 2022 | Serial | 5% | 120.149
|
| $11.54 million | 2023 | Serial | 5.25% | 123.444
|
| $14,485,000 | 2024 | Serial | 5.5% | 126.487
|
| $18.04 million | 2025 | Serial | 5.5% | 128.213
|
| $18.95 million | 2026 | Serial | 4% | 111.764
|
| $19,675,000 | 2027 | Serial | 4% | 110.14
|
| $20,445,000 | 2028 | Serial | 4% | 108.72
|
| $16,755,000 | 2029 | Serial | 4% | 107.495
|
| $17.45 million | 2030 | Serial | 4% | 106.888
|
| $5.11 million | 2031 | Serial | 4% | 106.372
|
| $5,315,000 | 2032 | Serial | 4% | 105.858
|
| $5,525,000 | 2033 | Serial | 4% | 105.517
|
| $5,745,000 | 2034 | Serial | 4% | 105.178
|
| $5,975,000 | 2035 | Serial | 4% | 104.924
|
| $6,215,000 | 2036 | Serial | 4% | 104.671
|
| $6,465,000 | 2037 | Serial | 3.5% | 99.244
|
| $6.99 million | 2039 | Term | 3.5% | 98.725
|
|
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