Published on 3/26/2013 in the Prospect News Municipals Daily.
New Issue: Wylie ISD, Texas, prices $58.24 million of series 2013 refunding bonds
By Sheri Kasprzak
New York, March 26 - The Wylie Independent School District of Texas sold $58,237,337 of series 2013 unlimited tax refunding bonds, according to a pricing sheet.
The bonds (Aa3) were sold through Citigroup Global Markets Inc.
The capital appreciation bonds are due 2015 to 2029 with 0% coupons.
Proceeds will be used to refund the district's series 1998, 2001 and 2005 unlimited tax bonds for an estimated net present value savings of 15.4% with no extension of final maturity.
| Issuer: | Wylie Independent School District
|
| Issue: | Series 2013 unlimited tax refunding bonds
|
| Amount: | $58,237,337
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc. (lead)
|
| Rating: | Moody's: Aa3
|
| Pricing date: | March 26
|
| Settlement date: | April 25
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $262,285 | 2015 | Serial | 0% | 97.95
|
| $593,553 | 2016 | Serial | 0% | 55.444
|
| $6,537,790 | 2017 | Serial | 0% | 94.857
|
| $6,332,173 | 2018 | Serial | 0% | 92.183
|
| $5,530,680 | 2019 | Serial | 0% | 89.307
|
| $5,081,949 | 2020 | Serial | 0% | 85.659
|
| $4,669,654 | 2021 | Serial | 0% | 82.159
|
| $4,206,823 | 2022 | Serial | 0% | 78.344
|
| $4,078,016 | 2023 | Serial | 0% | 74.628
|
| $4,027,311 | 2024 | Serial | 0% | 71.257
|
| $4,154,098 | 2025 | Serial | 0% | 67.742
|
| $3,751,594 | 2026 | Serial | 0% | 63.769
|
| $1,128,262 | 2027 | Serial | 0% | 60.874
|
| $1,014,653 | 2028 | Serial | 0% | 58.007
|
| $6,868,496 | 2029 | Serial | 0% | 96.756
|
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