By Sheri Kasprzak
New York, Jan. 10 - The Sharyland Independent School District offered up $55 million of series 2012 unlimited tax school building bonds Tuesday, said a term sheet.
The bonds (Aa3//AAA) were sold through senior manager First Southwest Co. Inc.
The bonds are due 2014 to 2034 with term bonds due in 2038 and 2041. The serial coupons range from 2% to 5%. The 2038 bonds have a 5% coupon priced at 110.13, and the 2041 bonds have a 4% coupon priced at 98.981.
Proceeds will be used to construct and equip a second high school for the district.
| Issuer: | Sharyland Independent School District
|
| Issue: | Series 2012 unlimited tax school building bonds
|
| Amount: | $55 million
|
| Type: | Negotiated
|
| Underwriter: | First Southwest Co. Inc.
|
| Ratings: | Moody's: Aa3
|
| Fitch: AAA
|
| Pricing date: | Jan. 10
|
| Settlement date: | Feb. 9
|
|
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 2% | 102.965
|
| 2015 | Serial | 2% | 103.812
|
| 2016 | Serial | 2% | 104.168
|
| 2017 | Serial | 3% | 109.607
|
| 2018 | Serial | 2% | 104.63
|
| 2019 | Serial | 2% | 103.792
|
| 2020 | Serial | 2% | 102.542
|
| 2021 | Serial | 2.125% | 101.939
|
| 2022 | Serial | 5% | 124.172
|
| 2023 | Serial | 5% | 122.42
|
| 2024 | Serial | 5% | 120.607
|
| 2025 | Serial | 5% | 119.002
|
| 2026 | Serial | 3% | 99.885
|
| 2027 | Serial | 5% | 116.729
|
| 2028 | Serial | 5% | 115.868
|
| 2029 | Serial | 5% | 115.27
|
| 2030 | Serial | 5% | 114.338
|
| 2031 | Serial | 5% | 113.498
|
| 2032 | Serial | 5% | 112.665
|
| 2033 | Serial | 3.75% | 99.137
|
| 2034 | Serial | 5% | 111.104
|
| 2038 | Term | 5% | 110.13
|
| 2041 | Term | 4% | 98.981
|
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