Published on 7/30/2015 in the Prospect News Municipals Daily.
New Issue: Hillsborough County School, Fla., brings $65.51 million refunding bonds
By Sheri Kasprzak
New York, July 30 – The Hillsborough County School District of Florida priced $65,505,000 of series 2015B sales tax revenue refunding bonds, according to a pricing sheet.
The bonds (A2/AA/) were sold through J.P. Morgan Securities LLC.
The bonds are due 2020 to 2026 with 3% to 5% coupons.
Proceeds will be used to refund the district’s series 2005 and 2006 revenue bonds.
| Issuer: | Hillsborough County School District
|
| Issue: | Series 2015B sales tax revenue refunding bonds
|
| Amount: | $65,505,000
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC (lead), Citigroup Global Markets Inc. and PNC Capital Markets LLC (co-managers)
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: AA
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 20
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $13,615,000 | 2020 | Serial | 5% | 115.459
|
| $14,325,000 | 2021 | Serial | 5% | 116.493
|
| $15.03 million | 2022 | Serial | 5% | 116.837
|
| $15.78 million | 2023 | Serial | 5% | 117.053
|
| $2,145,000 | 2024 | Serial | 5% | 117.41
|
| $575,000 | 2025 | Serial | 3% | 100
|
| $1,675,000 | 2025 | Serial | 5% | 117.333
|
| $2.36 million | 2026 | Serial | 3% | 98.324
|
|
|
|
|
© 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.
