Published on 7/30/2014 in the Prospect News Municipals Daily.
New Issue: Harris County Improvement District, Texas, sells $55.65 million bonds
By Sheri Kasprzak
New York, July 30 – The Harris County Improvement District No. 18 of Texas sold $55.65 million of series 2014 unlimited tax bonds, according to a pricing sheet.
The bonds (A2) were sold competitively. The issuer did not immediately respond to requests for the winning bidder.
The bonds are due 2015 to 2035 with a term bond due in 2038. The serial coupons range from 3% to 5%. The 2038 bonds have a 4% coupon priced at 99.236.
Proceeds will be used to redeem the district’s series 2013 bond anticipation notes, which were issued to finance water, wastewater and drainage facilities.
| Issuer: | Harris County Improvement District No. 18
|
| Issue: | Series 2014 unlimited tax bonds
|
| Amount: | $55.65 million
|
| Type: | Competitive
|
| Rating: | Moody’s: A2
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 28
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1,185,000 | 2015 | Serial | 5% | 104.822
|
| $1,275,000 | 2016 | Serial | 5% | 108.959
|
| $1.34 million | 2017 | Serial | 5% | 112.65
|
| $1.41 million | 2018 | Serial | 5% | 115.209
|
| $1,485,000 | 2019 | Serial | 5% | 116.826
|
| $1,565,000 | 2020 | Serial | 5% | 118.021
|
| $1,645,000 | 2021 | Serial | 5% | 118.951
|
| $1.73 million | 2022 | Serial | 5% | 119.241
|
| $1,825,000 | 2023 | Serial | 3% | 102.437
|
| $1.92 million | 2024 | Serial | 3% | 101.21
|
| $2.02 million | 2025 | Serial | 3% | 99.627
|
| $2,125,000 | 2026 | Serial | 3% | 98.509
|
| $2,235,000 | 2027 | Serial | 3% | 96.847
|
| $2,355,000 | 2028 | Serial | 3.25% | 97.901
|
| $2.48 million | 2029 | Serial | 3.25% | 96.872
|
| $2.61 million | 2030 | Serial | 3.375% | 97.399
|
| $2,745,000 | 2031 | Serial | 3.375% | 96.414
|
| $2.89 million | 2032 | Serial | 3.5% | 97.002
|
| $3.04 million | 2033 | Serial | 3.625% | 97.778
|
| $3.2 million | 2034 | Serial | 3.625% | 97.016
|
| $3.37 million | 2035 | Serial | 3.75% | 98.002
|
| $11.2 million | 2038 | Term | 4% | 99.236
|
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