Published on 7/15/2014 in the Prospect News Municipals Daily.
New Issue: Pflugerville Independent School, Texas, prices $107.28 million of bonds
By Sheri Kasprzak
New York, July 15 – The Pflugerville Independent School District of Texas sold $107,275,000 of series 2014 unlimited tax refunding bonds, said a pricing sheet.
The bonds (Aa2/AA/) were sold through Citigroup Global Markets Inc.
The bonds are due 2019 to 2033 with 4% to 5% coupons and yields from 1.23% to 3.49%.
Proceeds will be used to refund the district’s series 2006 and 2008 schoolhouse building bonds.
| Issuer: | Pflugerville Independent School District
|
| Issue: | Series 2014 unlimited tax refunding bonds
|
| Amount: | $107,275,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. (lead), BOSC Inc., Jefferies & Co., Piper Jaffray & Co. and Baird & Co. (co-managers)
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA
|
| Pricing date: | July 15
|
| Settlement date: | Aug. 19
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $4,355,000 | 2019 | Serial | 5% | 116.415 | 1.23%
|
| $4.58 million | 2020 | Serial | 5% | 117.797 | 1.60%
|
| $4,815,000 | 2021 | Serial | 5% | 118.907 | 1.89%
|
| $5.06 million | 2022 | Serial | 5% | 119.922 | 2.11%
|
| $5.32 million | 2023 | Serial | 5% | 120.542 | 2.32%
|
| $7,435,000 | 2024 | Serial | 5% | 121.001 | 2.50%
|
| $7,835,000 | 2025 | Serial | 5% | 119.973 | 2.61%
|
| $8.26 million | 2026 | Serial | 5% | 119.047 | 2.71%
|
| $8,685,000 | 2027 | Serial | 5% | 118.312 | 2.79%
|
| $9,155,000 | 2028 | Serial | 5% | 117.31 | 2.90%
|
| $9.58 million | 2029 | Serial | 4% | 106.249 | 3.23%
|
| $9,985,000 | 2030 | Serial | 4% | 105.662 | 3.30%
|
| $10,405,000 | 2031 | Serial | 4% | 105.079 | 3.37%
|
| $8,055,000 | 2032 | Serial | 4% | 104.583 | 3.43%
|
| $3.75 million | 2033 | Serial | 4% | 104.089 | 3.49%
|
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