Published on 4/23/2014 in the Prospect News Municipals Daily.
New Issue: Mesquite Independent School District, Texas, sells $81.76 million bonds
By Sheri Kasprzak
New York, April 23 - The Mesquite Independent School District of Texas sold $81.76 million of series 2014 unlimited tax school building bonds, according to a pricing sheet.
The deal included $24,175,000 of series 2014A unlimited tax school building bonds and $57,585,000 of series 2014B unlimited tax refunding bonds.
The 2014A bonds are due 2015 to 2039 with 2.5% to 5% coupons.
The 2014B bonds are due 2014 to 2030 with 2% to 5% coupons.
The bonds (/AA/AA+) were sold through Raymond James/Morgan Keegan.
Proceeds will be used to construct, renovate, acquire and equip school buildings in the district, as well as to refund the district's series 2004A, 2005 and 2005A bonds.
| Issuer: | Mesquite Independent School District
|
| Issue: | Series 2014 unlimited tax school building bonds
|
| Amount: | $81.76 million
|
| Type: | Negotiated
|
| Underwriters: | Raymond James/Morgan Keegan (lead), Oppenheimer & Co., Southwest Securities Inc. and BOSC Inc. (co-managers)
|
| Ratings: | Standard & Poor's: AA
|
| Fitch: AA+
|
| Pricing date: | April 22
|
| Settlement date: | May 20
|
|
|
| $24,175,000 series 2014A unlimited tax school building bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,065,000 | 2015 | Serial | 2.5% | 102.775
|
| $1.2 million | 2016 | Serial | 5% | 110.087
|
| $1,225,000 | 2017 | Serial | 3% | 107.113
|
| $1,245,000 | 2018 | Serial | 4% | 112.101
|
| $1.27 million | 2019 | Serial | 5% | 118.501
|
| $790,000 | 2020 | Serial | 3% | 107.905
|
| $820,000 | 2021 | Serial | 3% | 107.122
|
| $840,000 | 2022 | Serial | 3% | 106.227
|
| $865,000 | 2023 | Serial | 3% | 105.281
|
| $900,000 | 2024 | Serial | 3% | 103.846
|
| $645,000 | 2025 | Serial | 4% | 111.84
|
| $680,000 | 2026 | Serial | 3% | 100.7
|
| $715,000 | 2027 | Serial | 3% | 99.455
|
| $750,000 | 2028 | Serial | 4% | 108.295
|
| $785,000 | 2029 | Serial | 4% | 107.474
|
| $825,000 | 2030 | Serial | 4% | 106.751
|
| $865,000 | 2031 | Serial | 4% | 106.034
|
| $910,000 | 2032 | Serial | 4% | 105.234
|
| $955,000 | 2033 | Serial | 4% | 104.617
|
| $1,005,000 | 2034 | Serial | 4% | 104.091
|
| $1,055,000 | 2035 | Serial | 4% | 103.655
|
| $1,105,000 | 2036 | Serial | 3.625% | 97.531
|
| $1.16 million | 2037 | Serial | NRO | NRO
|
| $1.22 million | 2038 | Serial | NRO | NRO
|
| $1.28 million | 2039 | Serial | 3.75% | 97.286
|
|
|
| $57,585,000 series 2014B unlimited tax refunding bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $255,000 | 2014 | Serial | 2% | 100.424
|
| $9,515,000 | 2015 | Serial | 5% | 105.884
|
| $12.18 million | 2016 | Serial | 5% | 110.087
|
| $12,295,000 | 2017 | Serial | 5% | 113.492
|
| $6,765,000 | 2018 | Serial | 5% | 116.232
|
| $3,705,000 | 2019 | Serial | 5% | 118.501
|
| $2,805,000 | 2020 | Serial | 5% | 119.706
|
| $2.34 million | 2021 | Serial | 5% | 120.562
|
| $2,405,000 | 2022 | Serial | 5% | 121.235
|
| $800,000 | 2023 | Serial | 3% | 105.281
|
| $560,000 | 2024 | Serial | 3% | 103.846
|
| $585,000 | 2025 | Serial | 3% | 102.214
|
| $610,000 | 2026 | Serial | 3% | 100.7
|
| $640,000 | 2027 | Serial | 3% | 99.455
|
| $670,000 | 2028 | Serial | 4% | 108.295
|
| $710,000 | 2029 | Serial | 4% | 107.474
|
| $745,000 | 2030 | Serial | 4% | 106.751
|
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