Published on 5/22/2013 in the Prospect News Municipals Daily.
New Issue: Arlington ISD, Texas, prices $73.65 million of refunding bonds at par
By Sheri Kasprzak
New York, May 22 - The Arlington Independent School District of Texas priced $73.65 million of series 2013 unlimited tax refunding bonds, according to a pricing sheet.
The bonds (Aa1) were sold through Wells Fargo Securities LLC.
The bonds are due 2014 and 2016 to 2025 with 0.34% to 3.007% coupons all priced at par.
Proceeds will be used to refund outstanding debt for no less than a 5.25% net present value savings.
| Issuer: | Arlington Independent School District
|
| Issue: | Series 2013 unlimited tax refunding bonds
|
| Amount: | $73.65 million
|
| Type: | Negotiated
|
| Underwriter: | Wells Fargo Securities LLC (lead)
|
| Ratings: | Moody's: Aa1
|
| Pricing date: | May 22
|
| Settlement date: | June 26
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $2,405,000 | 2014 | Serial | 0.34% | 100
|
| $22,615,000 | 2016 | Serial | 0.611% | 100
|
| $18,195,000 | 2017 | Serial | 1.031% | 100
|
| $18.45 million | 2018 | Serial | 1.281% | 100
|
| $4.64 million | 2019 | Serial | 1.621% | 100
|
| $2,455,000 | 2020 | Serial | 1.921% | 100
|
| $2.5 million | 2021 | Serial | 2.307% | 100
|
| $570,000 | 2022 | Serial | 2.507% | 100
|
| $585,000 | 2023 | Serial | 2.707% | 100
|
| $605,000 | 2024 | Serial | 2.857% | 100
|
| $630,000 | 2025 | Serial | 3.007% | 100
|
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