Published on 6/28/2012 in the Prospect News Municipals Daily.
New Issue: North Texas Municipal Water brings $358.84 million of refunding bonds
By Sheri Kasprzak
New York, June 28 - The North Texas Municipal Water District sold $358,835,000 of series 2012 water system revenue refunding and improvement bonds, according to a pricing sheet.
The bonds (Aa2/AAA/) were sold competitively. The issuer did not immediately respond to requests for the winning bidder.
The bonds are due 2013 to 2032 with 3% to 5.25% coupons.
Proceeds will be used to acquire, design and construct the extension of the Texoma Raw Water Pipeline to the Wylie Water Treatment Plant and to make other related improvements.
| Issuer: | North Texas Municipal Water District
|
| Issue: | Series 2012 water system revenue refunding and improvement bonds
|
| Amount: | $358,835,000
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AAA
|
| Pricing date: | June 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $6.89 million | 2013 | Serial | 3% | 102.855
|
| $10,545,000 | 2014 | Serial | 4% | 107.429
|
| $13,985,000 | 2015 | Serial | 4% | 110.329
|
| $14,695,000 | 2016 | Serial | 5% | 117.047
|
| $15,435,000 | 2017 | Serial | 5% | 119.655
|
| $16,215,000 | 2018 | Serial | 5.25% | 123.349
|
| $16,875,000 | 2019 | Serial | 5.25% | 124.947
|
| $17.56 million | 2020 | Serial | 5.25% | 126.093
|
| $18.35 million | 2021 | Serial | 5.25% | 127.148
|
| $19.27 million | 2022 | Serial | 5.25% | 127.106
|
| $20.23 million | 2023 | Serial | 5.25% | 125.527
|
| $21.24 million | 2024 | Serial | 5% | 121.941
|
| $17,525,000 | 2025 | Serial | 5% | 120.706
|
| $18,405,000 | 2026 | Serial | 5% | 119.86
|
| $19,325,000 | 2027 | Serial | 3.125% | 98.87
|
| $20.29 million | 2028 | Serial | 5% | 118.372
|
| $21,305,000 | 2029 | Serial | 5% | 117.728
|
| $22.37 million | 2030 | Serial | 4% | 104.952
|
| $23,545,000 | 2031 | Serial | 4% | 104.369
|
| $24.78 million | 2032 | Serial | 3.5% | 98.859
|
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