By Sheri Kasprzak
New York, Nov. 10 - The Northside Independent School District of Texas sold $122.145 million of series 2011 unlimited tax refunding bonds, said a term sheet. The deal was upsized from $63.52 million.
The bonds (Aaa//AAA) were sold through senior manager BOSC Inc. The co-managers were Citigroup Global Markets Inc. and Jefferies & Co.
The bonds are due 2012 to 2013 and 2015 to 2032 with 0.5% to 5% coupons and 0.12% to 4.02% yields.
Proceeds will be used to refund the district's series 2002A unlimited tax school building and refunding bonds.
| Issuer: | Northside Independent School District
|
| Issue: | Series 2011 unlimited tax refunding bonds
|
| Amount: | $122.145 million
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), Citigroup Global Markets Inc. and Jefferies & Co. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
| Pricing date: | Nov. 10
|
| Settlement date: | Dec. 8
|
|
|
| Amount | Maturity | Type | Coupon | Yield
|
| $1.6 million | 2012 | Serial | 0.5% | 0.12%
|
| $865,000 | 2013 | Serial | 0.5% | 0.33%
|
| $3.045 million | 2015 | Serial | 2% | 1.00%
|
| $3.125 million | 2016 | Serial | 3% | 1.25%
|
| $1 million | 2017 | Serial | 4% | 1.56%
|
| $1.03 million | 2018 | Serial | 2% | 1.77%
|
| $1.055 million | 2019 | Serial | 3% | 2.00%
|
| $1.085 million | 2020 | Serial | 3% | 2.27%
|
| $1 million | 2021 | Serial | 3% | 2.45%
|
| $4.085 million | 2022 | Serial | 5% | 2.61%
|
| $2.77 million | 2023 | Serial | 3% | 3.08%
|
| $1.5 million | 2023 | Serial | 5% | 2.77%
|
| $1.22 million | 2024 | Serial | 3.125% | 3.22%
|
| $2.64 million | 2025 | Serial | 3.25% | 3.38%
|
| $2 million | 2025 | Serial | 5% | 3.08%
|
| $4.81 million | 2026 | Serial | 3.25% | 3.53%
|
| $5.015 million | 2027 | Serial | 5% | 3.31%
|
| $5.275 million | 2028 | Serial | 5% | 3.41%
|
| $5.54 million | 2029 | Serial | 5% | 3.51%
|
| $5.83 million | 2030 | Serial | 5% | 3.59%
|
| $61.25 million | 2031 | Serial | 5% | 3.66%
|
| $6.405 million | 2032 | Serial | 4% | 4.02%
|
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