Published on 1/28/2014 in the Prospect News Municipals Daily.
New Issue: Yoakum Independent School, Texas, brings to market $50 million of bonds
By Sheri Kasprzak
New York, Jan. 28 - The Yoakum Independent School District of Texas sold $50 million of series 2014 unlimited tax school building bonds, according to a pricing sheet.
The bonds were sold through senior manager RBC Capital Markets LLC.
The deal included $25 million of series 2014A bonds and $25 million of series 2014B bonds.
The 2014A bonds are due 2016 to 2034 with 3% to 5% coupons and 0.36% to 3% yields. The 2014B bonds are due 2016 to 2034 with coupons from 3% to 5% and yields from 0.36% to 4.05%.
Proceeds will be used to finance the construction, acquisition and equipment of school facilities in the district.
| Issuer: | Yoakum Independent School District
|
| Issue: | Series 2014 unlimited tax school building bonds
|
| Amount: | $50 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC (lead), Edward D. Jones & Co. LP, Frost Bank, Hutchinson Shockey Erley & Co., Raymond James/Morgan Keegan and Samco Capital Markets Inc. (co-managers)
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 25
|
|
|
| $25 million series 2014A bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $435,000 | 2016 | Serial | 3% | 105.183 | 0.36%
|
| $440,000 | 2017 | Serial | 3% | 107.182 | 0.56%
|
| $995,000 | 2018 | Serial | 3% | 108.176 | 0.9%
|
| $1,035,000 | 2019 | Serial | 5% | 118.394 | 1.18%
|
| $1.08 million | 2020 | Serial | 5% | 116.239 | 1.59%
|
| $1,135,000 | 2021 | Serial | 5% | 114.641 | 1.9%
|
| $1,195,000 | 2022 | Serial | 5% | 114.334 | 1.96%
|
| $1,255,000 | 2023 | Serial | 5% | 113.978 | 2.03%
|
| $1.32 million | 2024 | Serial | 5% | 113.32 | 2.16%
|
| $1,385,000 | 2025 | Serial | 5% | 112.616 | 2.3%
|
| $1.46 million | 2026 | Serial | 5% | 112.216 | 2.38%
|
| $1,535,000 | 2027 | Serial | 5% | 111.818 | 2.46%
|
| $1,615,000 | 2028 | Serial | 5% | 111.422 | 2.54%
|
| $1.48 million | 2029 | Serial | 5% | 111.027 | 2.62%
|
| $1.56 million | 2030 | Serial | 5% | 110.584 | 2.71%
|
| $1.64 million | 2031 | Serial | 5% | 110.144 | 2.8%
|
| $1.72 million | 2032 | Serial | 5% | 109.755 | 2.88%
|
| $1.81 million | 2033 | Serial | 5% | 109.415 | 2.95%
|
| $1,905,000 | 2034 | Serial | 5% | 109.173 | 3%
|
|
|
| $25 million series 2014B bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $435,000 | 2016 | Serial | 3% | 105.183 | 0.36%
|
| $440,000 | 2017 | Serial | 3% | 107.182 | 0.56%
|
| $995,000 | 2018 | Serial | 3% | 108.176 | 0.9%
|
| $1,035,000 | 2019 | Serial | 5% | 118.394 | 1.18%
|
| $1.08 million | 2020 | Serial | 5% | 119.228 | 1.61%
|
| $1,135,000 | 2021 | Serial | 5% | 119.72 | 1.96%
|
| $1,195,000 | 2022 | Serial | 5% | 119.805 | 2.27%
|
| $1,255,000 | 2023 | Serial | 5% | 117.967 | 2.5%
|
| $1.32 million | 2024 | Serial | 5% | 116.787 | 2.65%
|
| $1,385,000 | 2025 | Serial | 4% | 107.263 | 2.97%
|
| $1.46 million | 2026 | Serial | 4% | 106.313 | 3.1%
|
| $1,535,000 | 2027 | Serial | 5% | 113.858 | 3.03%
|
| $1,615,000 | 2028 | Serial | 5% | 113.707 | 3.05%
|
| $1.48 million | 2029 | Serial | 5% | 113.479 | 3.08%
|
| $1.56 million | 2030 | Serial | 5% | 113.253 | 3.11%
|
| $1.64 million | 2031 | Serial | 5% | 112.726 | 3.18%
|
| $1.72 million | 2032 | Serial | 5% | 112.128 | 3.26%
|
| $1.81 million | 2033 | Serial | 3.75% | 97.216 | 3.96%
|
| $1,905,000 | 2034 | Serial | 4% | 99.318 | 4.05%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
