By Sheri Kasprzak
New York, Feb. 27 - The Mansfield Independent School District of Texas priced $50 million of series 2012 variable-rate school building bonds, according to a pricing sheet.
The bonds (Aa2/AAA) were sold through Morgan Keegan & Co. Inc. and BOSC Inc.
The bonds are due Aug. 1, 2042 and bear interest initially at 1.75% to yield 1.35%. The variable-rate bonds will bear interest at the variable or flexible mode.
Proceeds will be used to refund a portion of the district's outstanding obligations.
| Issuer: | Mansfield Independent School District, Texas
|
| Issue: | Series 2012 variable-rate school building bonds
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| Amount: | $50 million
|
| Maturity: | Aug. 1, 2042
|
| Coupon: | 1.75%
|
| Yield: | 1.35%
|
| Type: | Negotiated
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| Underwriters: | Morgan Keegan & Co. Inc. and BOSC Inc.
|
| Ratings: | Moody's: Aa2
|
| Fitch: AAA
|
| Pricing date: | Feb. 22
|
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