Published on 10/17/2014 in the Prospect News Municipals Daily.
New Issue: North Harris Regional Water, Texas, sells $72.51 million revenue bonds
By Sheri Kasprzak
New York, Oct. 17 – The North Harris Regional Water Authority of Texas sold $72.51 million of series 2014 senior-lien revenue refunding bonds, said a pricing sheet.
The bonds were sold through senior manager First Southwest Co.
The bonds are due 2015 to 2035 with 2% to 5% coupons and yields from 0.23% to 3.06%.
Proceeds will be used to refund the authority’s series 2003, 2005, 2008 and 2013 revenue bonds.
| Issuer: | North Harris Regional Water Authority
|
| Issue: | Series 2014 senior-lien revenue refunding bonds
|
| Amount: | $72.51 million
|
| Type: | Negotiated
|
| Underwriters: | First Southwest Co. (lead), Wells Fargo Securities LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Piper Jaffray & Co. Inc. (co-managers)
|
| Pricing date: | Oct. 17
|
| Settlement date: | Nov. 18
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $2,025,000 | 2015 | Serial | 2% | 101.899 | 0.23%
|
| $2.31 million | 2016 | Serial | 2% | 103.155 | 0.47%
|
| $2.36 million | 2017 | Serial | 3% | 106.921 | 0.72%
|
| $2.43 million | 2018 | Serial | 4% | 111.949 | 1.00%
|
| $500,000 | 2019 | Serial | 2% | 103.626 | 1.26%
|
| $2.03 million | 2019 | Serial | 4% | 113.428 | 1.26%
|
| $1.3 million | 2020 | Serial | 4% | 114.4 | 1.51%
|
| $1,315,000 | 2020 | Serial | 5% | 120.184 | 1.51%
|
| $400,000 | 2021 | Serial | 2% | 101.589 | 1.76%
|
| $2,335,000 | 2021 | Serial | 5% | 121.463 | 1.76%
|
| $2,865,000 | 2022 | Serial | 5% | 122.516 | 1.97%
|
| $3 million | 2023 | Serial | 5% | 124.22 | 2.06%
|
| $3,155,000 | 2024 | Serial | 5% | 125.382 | 2.18%
|
| $3.31 million | 2025 | Serial | 5% | 123.749 | 2.34%
|
| $3.48 million | 2026 | Serial | 5% | 122.541 | 2.46%
|
| $3.65 million | 2027 | Serial | 5% | 121.744 | 2.54%
|
| $3.83 million | 2028 | Serial | 5% | 121.15 | 2.60%
|
| $4.02 million | 2029 | Serial | 3% | 97.504 | 3.21%
|
| $4,145,000 | 2030 | Serial | 5% | 119.874 | 2.73%
|
| $4.35 million | 2031 | Serial | 5% | 119.097 | 2.81%
|
| $4.57 million | 2032 | Serial | 5% | 118.327 | 2.89%
|
| $4.8 million | 2033 | Serial | 5% | 117.657 | 2.96%
|
| $5.04 million | 2034 | Serial | 5% | 117.181 | 3.01%
|
| $5.29 million | 2035 | Serial | 5% | 116.708 | 3.06%
|
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