Published on 11/15/2012 in the Prospect News Municipals Daily.
New Issue: Austin Community College, Texas, prices $74.79 million of revenue bonds
By Sheri Kasprzak
New York, Nov. 15 - The Austin Community College District of Texas sold $74.79 million of series 2012 school building revenue bonds, according to a pricing sheet.
The bonds (Aa3) were sold through RBC Capital Markets LLC.
The bonds are due 2016 to 2034 with a term bond due in 2037. The serial coupons range from 3% to 4%. The 2037 bonds have a 3.25% coupon priced at 97.218.
Proceeds will be used to finance the construction of new school buildings for the district.
| Issuer: | Austin Community College District
|
| Issue: | Series 2012 school building revenue bonds
|
| Amount: | $74.79 million
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Ratings: | Moody's: Aa3
|
| Pricing date: | Nov. 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $150,000 | 2016 | Serial | 3% | 106.741
|
| $150,000 | 2017 | Serial | 3% | 108.13
|
| $1 million | 2018 | Serial | 4% | 114.019
|
| $1,205,000 | 2019 | Serial | 4% | 115.242
|
| $1.07 million | 2020 | Serial | 4% | 115.763
|
| $815,000 | 2021 | Serial | 4% | 115.438
|
| $1,085,000 | 2022 | Serial | 4% | 115.273
|
| $1,555,000 | 2023 | Serial | 4% | 113.672
|
| $1.95 million | 2024 | Serial | 4% | 112.969
|
| $2.03 million | 2025 | Serial | 4% | 112.358
|
| $2.11 million | 2026 | Serial | 3% | 102.006
|
| $2.18 million | 2027 | Serial | 4% | 110.805
|
| $2.27 million | 2028 | Serial | 4% | 110.292
|
| $2.36 million | 2029 | Serial | 4% | 109.783
|
| $5.91 million | 2030 | Serial | 4% | 109.276
|
| $6,155,000 | 2031 | Serial | 4% | 108.772
|
| $6.37 million | 2032 | Serial | 3% | 98.42
|
| $6,565,000 | 2033 | Serial | 3% | 97.335
|
| $6.8 million | 2034 | Serial | 4% | 107.276
|
| $23.06 million | 2037 | Term | 3.25% | 97.218
|
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