By Sheri Kasprzak
New York, May 17 - The Northside Independent School District of Texas came to market Tuesday with $84 million of series 2011A unlimited tax variable-rate refunding bonds, according to a pricing sheet.
The bonds (//AAA) were sold through Raymond James & Associates Inc.
The bonds are due June 1, 2039 and have an initial rate of 1.35%, priced at par. The bonds will bear interest at the initial rate from May 31, 2011 to May 31, 2014, at which time the rate will convert to the term rate mode.
Proceeds will be used to refund the district's series 2009 variable-rate bonds.
| Issuer: | Northside Independent School District
|
| Issue: | Series 2011A unlimited tax variable-rate refunding bonds
|
| Amount: | $84 million
|
| Maturity: | June 1, 2039
|
| Coupon: | 1.35% (initial rate)
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Raymond James & Associates Inc.
|
| Rating: | Fitch: AAA
|
| Pricing date: | May 17
|
| Settlement date: | May 31
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
