Published on 12/19/2014 in the Prospect News Municipals Daily.
New Issue: San Angelo ISD, Texas, brings to market $99.94 million refunding bonds
By Sheri Kasprzak
New York, Dec. 19 – The San Angelo Independent School District of Texas sold $99,939,982 of series 2015 unlimited tax refunding bonds, said a pricing sheet.
The bonds were sold through BOSC Inc.
The deal included $96,589,982 of series 2015A bonds and $3.35 million of series 2015B bonds.
The 2015A bonds are due 2015 to 2034 with 0% to 5% coupons and 0.20% to 3.38% yields. The 2015B bonds are due 2015 to 2021 with 3% to 4% coupons and 0.20% to 1.76% yields.
Proceeds will be used to refund the district’s series 2005 unlimited tax refunding bonds and its series 2009A unlimited tax schoolhouse bonds.
| Issuer: | San Angelo Independent School District
|
| Issue: | Series 2015 unlimited tax refunding bonds
|
| Amount: | $99,939,982
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), Raymond James/Morgan Keegan, RBC Capital Markets LLC, Wells Fargo Securities LLC and Edward D. Jones & Co. LP (co-managers)
|
| Pricing date: | Dec. 19
|
| Settlement date: | Jan. 15
|
|
|
| $96,589,982 series 2015A bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $370,000 | 2015 | Serial | 2% | 100.149 | 0.20%
|
| $190,000 | 2016 | Serial | 3% | 102.851 | 0.36%
|
| $200,000 | 2017 | Serial | 3% | 104.79 | 0.68%
|
| $205,000 | 2018 | Serial | 3% | 106.057 | 1.00%
|
| $210,000 | 2019 | Serial | 4% | 110.744 | 1.29%
|
| $2,954,982 | 2020 | Serial | 0% | 90.834 | 1.90%
|
| $4,285,000 | 2021 | Serial | 5% | 118.612 | 1.76%
|
| $4,975,000 | 2022 | Serial | 5% | 119.574 | 2.02%
|
| $5,235,000 | 2023 | Serial | 5% | 120.876 | 2.17%
|
| $5.5 million | 2024 | Serial | 5% | 122.384 | 2.26%
|
| $5.78 million | 2025 | Serial | 5% | 121.559 | 2.35%
|
| $6.08 million | 2026 | Serial | 5% | 120.651 | 2.45%
|
| $6.39 million | 2027 | Serial | 5% | 119.93 | 2.53%
|
| $6.72 million | 2028 | Serial | 5% | 119.036 | 2.63%
|
| $7.06 million | 2029 | Serial | 5% | 118.592 | 2.68%
|
| $7.42 million | 2030 | Serial | 5% | 118.15 | 2.73%
|
| $7,765,000 | 2031 | Serial | 4% | 106.017 | 3.23%
|
| $8,085,000 | 2032 | Serial | 4% | 105.614 | 3.28%
|
| $8.41 million | 2033 | Serial | 4% | 105.212 | 3.33%
|
| $8,755,000 | 2034 | Serial | 4% | 104.812 | 3.38%
|
|
|
| $3.35 million series 2015B bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $60,000 | 2015 | Serial | 3% | 100.233 | 0.20%
|
| $265,000 | 2016 | Serial | 3% | 102.851 | 0.36%
|
| $565,000 | 2017 | Serial | 3% | 104.79 | 0.68%
|
| $580,000 | 2018 | Serial | 3% | 106.057 | 1.00%
|
| $600,000 | 2019 | Serial | 4% | 110.744 | 1.29%
|
| $625,000 | 2020 | Serial | 4% | 111.93 | 1.55%
|
| $655,000 | 2021 | Serial | 4% | 112.867 | 1.76%
|
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