Published on 3/8/2012 in the Prospect News Municipals Daily.
New Issue: Williamson County, Texas, prices $140.64 million refunding bonds
By Sheri Kasprzak
New York, March 8 - Williamson County, Texas, sold $140.64 million of series 2012 limited tax refunding bonds, according to a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The co-managers were First Southwest Co. and Estrada Hinojosa & Co. Inc.
The bonds are due 2018 to 2030 with 3% to 5% coupons.
Proceeds will be used to advance refund the county's series 2004 unlimited tax and road refunding bonds, series 2006 unlimited tax road bonds, series 2006 combination tax and revenue certificates of obligation, series 2006 pass-through toll revenue and limited tax bonds, series 2007 unlimited tax road bonds and series 2007A limited tax bonds.
Issuer: | Williamson County, Texas
|
Issue: | Series 2012 limited tax refunding bonds
|
Amount: | $140.64 million
|
Type: | Negotiated
|
Underwriters: | Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC (lead), First Southwest Securities Co. and Estrada Hinojosa & Co. Inc. (co-managers)
|
Pricing date: | March 8
|
Settlement date: | March 21
|
|
Amount | Maturity | Type | Coupon | Price
|
$9,975,000 | 2018 | Serial | 4% | 115.04
|
$2.25 million | 2019 | Serial | 3% | 108.837
|
$8,115,000 | 2019 | Serial | 4% | 115.335
|
$10.78 million | 2020 | Serial | 4% | 115.098
|
$11.28 million | 2021 | Serial | 5% | 122.971
|
$11.86 million | 2022 | Serial | 5% | 123.781
|
$12,465,000 | 2023 | Serial | 5% | 122.49
|
$13,115,000 | 2024 | Serial | 5% | 121.509
|
$13.78 million | 2025 | Serial | 5% | 120.536
|
$18.83 million | 2026 | Serial | 5% | 119.573
|
$13,935,000 | 2027 | Serial | 5% | 118.714
|
$5.4 million | 2028 | Serial | 3% | 98.256
|
$5,565,000 | 2029 | Serial | 3% | 97.147
|
$3.29 million | 2030 | Serial | 3.125% | 97.646
|
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