Published on 3/6/2014 in the Prospect News Municipals Daily.
New Issue: Northside Independent School, Texas, brings $74.18 million of bonds
By Sheri Kasprzak
New York, March 6 - The Northside Independent School District of Texas priced $74,175,000 of series 2014 unlimited tax refunding bonds, according to a pricing sheet.
The bonds were sold through senior manager BOSC Inc.
The bonds are due 2015 to 2033 with 2% to 5% coupons with yields from 0.18% to 3.7%.
Proceeds will be used to refund the district's series 2003 variable-rate school building bonds.
| Issuer: | Northside Independent School District, Texas
|
| Issue: | Series 2014 unlimited tax refunding bonds
|
| Amount: | $74,175,000
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), Citigroup Global Markets Inc., FTN Financial Capital Markets and Jefferies & Co. (co-managers)
|
| Pricing date: | March 6
|
| Settlement date: | April 3
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2.75 million | 2015 | Serial | 2% | 102.18 | 0.18%
|
| $3,415,000 | 2016 | Serial | 5% | 110.297 | 0.30%
|
| $3.58 million | 2017 | Serial | 2% | 104.723 | 0.51%
|
| $3,625,000 | 2018 | Serial | 2% | 104.903 | 0.81%
|
| $1,165,000 | 2019 | Serial | 2.5% | 107.108 | 1.09%
|
| $1,125,000 | 2020 | Serial | 4% | 114.364 | 1.56%
|
| $1,175,000 | 2021 | Serial | 5% | 120.691 | 1.91%
|
| $3,765,000 | 2022 | Serial | 5% | 120.816 | 2.21%
|
| $3,935,000 | 2023 | Serial | 5% | 120.978 | 2.44%
|
| $4,115,000 | 2024 | Serial | 5% | 119.431 | 2.61%
|
| $4.32 million | 2025 | Serial | 5% | 118.264 | 2.74%
|
| $4.52 million | 2026 | Serial | 3% | 98.787 | 3.12%
|
| $4.64 million | 2027 | Serial | 3% | 97.016 | 3.28%
|
| $4.76 million | 2028 | Serial | 5% | 115.449 | 3.06%
|
| $4,985,000 | 2029 | Serial | 5% | 114.499 | 3.17%
|
| $5,215,000 | 2030 | Serial | 5% | 113.644 | 3.27%
|
| $5.45 million | 2031 | Serial | 5% | 112.881 | 3.36%
|
| $5.7 million | 2032 | Serial | 4.5% | 106.748 | 3.63%
|
| $5,935,000 | 2033 | Serial | 4.5% | 106.185 | 3.70%
|
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