By Sheri Kasprzak
New York, Oct. 15 – The Texas Public Finance Authority sold $369.8 million of series 2015C taxable general obligation and refunding bonds, said a pricing sheet. The deal was downsized from $441,865,000.
The bonds (Aaa/AAA/AAA) were sold through Piper Jaffray & Co. and Goldman Sachs & Co.
The bonds are due 2016 to 2035 with 0.35% to 4.108% coupons and all priced at par.
Proceeds will be used to finance grants for cancer research and prevention by the Cancer Prevention and Research Institute of Texas and to refund commercial paper.
| Issuer: | Texas Public Finance Authority
|
| Issue: | Series 2015C taxable general obligation and refunding bonds
|
| Amount: | $369.8 million
|
| Type: | Negotiated
|
| Underwriters: | Piper Jaffray & Co. and Goldman Sachs & Co. (lead), Citigroup Global Markets Inc., Mesirow Financial Inc., RBC Capital Markets LLC, Siebert Brandford Shank & Co. LLC and Samco Capital Markets Inc. (co-managers)
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | Oct. 15
|
| Settlement date: | Oct. 29
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $18.49 million | 2016 | Serial | 0.35% | 100
|
| $18.49 million | 2017 | Serial | 0.723% | 100
|
| $18.49 million | 2018 | Serial | 1.091% | 100
|
| $18.49 million | 2019 | Serial | 1.497% | 100
|
| $18.49 million | 2020 | Serial | 1.777% | 100
|
| $18.49 million | 2021 | Serial | 2.075% | 100
|
| $18.49 million | 2022 | Seral | 2.305% | 100
|
| $18.49 million | 2023 | Serial | 2.531% | 100
|
| $18.49 million | 2024 | Serial | 2.681% | 100
|
| $18.49 million | 2025 | Serial | 2.831% | 100
|
| $18.49 million | 2026 | Serial | 3.011% | 100
|
| $18.49 million | 2027 | Serial | 3.151% | 100
|
| $18.49 million | 2028 | Serial | 3.311% | 100
|
| $18.49 million | 2029 | Serial | 3.461% | 100
|
| $18.49 million | 2030 | Serial | 3.581% | 100
|
| $18.49 million | 2031 | Serial | 3.738% | 100
|
| $18.49 million | 2032 | Serial | 3.838% | 100
|
| $18.49 million | 2033 | Serial | 3.938% | 100
|
| $18.49 million | 2034 | Serial | 4.028% | 100
|
| $18.49 million | 2035 | Serial | 4.108% | 100
|
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