By Sheri Kasprzak
New York, July 27 - The Hurst-Euless-Bedford Independent School District of Texas priced $124.695 million of series 2011 unlimited tax school building bonds, according to a pricing sheet.
The bonds (//AAA) were sold through senior manager Morgan Keegan & Co. Inc.
The bonds are due 2012 to 2033 with a term bond due in 2036. The serial coupons range from 3% to 5%. The 2036 bonds have a 5% coupon priced at 103.658.
Proceeds will be used to construct and improve school buildings, as well as acquire equipment and land for new schools.
Issuer: | Hurst-Euless-Bedford Independent School District
|
Issue: | Series 2011 unlimited tax school building bonds
|
Amount: | $124.695 million
|
Type: | Negotiated
|
Underwriter: | Morgan Keegan & Co. Inc.
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Rating: | Fitch: AAA
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Pricing date: | July 27
|
Settlement date: | Aug. 23
|
|
Amount | Maturity | Type | Coupon | Price
|
$5.065 million | 2012 | Serial | 3% | 102.694
|
$4.755 million | 2013 | Serial | 4% | 107.023
|
$5.245 million | 2014 | Serial | 5% | 112.618
|
$1.85 million | 2015 | Serial | 3% | 107.698
|
$3.97 million | 2015 | Serial | 5% | 115.475
|
$6.065 million | 2016 | Serial | 5% | 117.567
|
$6.375 million | 2017 | Serial | 5% | 118.619
|
$4.185 million | 2018 | Serial | 5% | 118.588
|
$4.535 million | 2019 | Serial | 5% | 118.137
|
$4.215 million | 2020 | Serial | 5% | 117.791
|
$4.835 million | 2021 | Serial | 5% | 116.236
|
$3.41 million | 2022 | Serial | 5% | 114.621
|
$3.58 million | 2023 | Serial | 5% | 113.364
|
$3.765 million | 2024 | Serial | 5% | 112.124
|
$3.945 million | 2025 | Serial | 5% | 111.063
|
$4.145 million | 2026 | Serial | 5% | 110.335
|
$4.355 million | 2027 | Serial | 5% | 109.612
|
$4.57 million | 2028 | Serial | 5% | 108.896
|
$4.8 million | 2029 | Serial | 5% | 108.185
|
$5.04 million | 2030 | Serial | 5% | 107.479
|
$5.295 million | 2031 | Serial | 5% | 106.702
|
$5.555 million | 2032 | Serial | 5% | 105.931
|
$5.835 million | 2033 | Serial | 5% | 105.167
|
$19.305 million | 2036 | Term | 5% | 103.658
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