Published on 6/6/2013 in the Prospect News Municipals Daily.
New Issue: Collin County, Texas, offers $56.27 million of road and refunding bonds
By Sheri Kasprzak
New York, June 6 - Collin County, Texas, sold $56,265,000 of series 2013 unlimited tax road and refunding bonds, said a pricing sheet.
The offering included $40,295,000 of series 2013A road and refunding bonds and $15.97 million of series 2013B refunding bonds.
The 2013A bonds are due 2014 to 2031 with a term bond due in 2033. The serial coupons range from 1% to 5% and yields range from 0.25% to 3.48%. The 2033 bonds have a 4% coupon priced at 103.301 to yield 3.59%.
The 2013B bonds are due 2015 to 2025 with coupons from 0.65% to 4% and yields from 0.65% to 3.169%.
Proceeds will be used to construct, maintain and operate macadamized, graveled or paved roads and turnpikes in the county as well as to refund existing debt.
| Issuer: | Collin County, Texas
|
| Issue: | Series 2013 unlimited tax road and refunding bonds
|
| Amount: | $56,265,000
|
| Type: | Negotiated
|
| Underwriters: | Citigroup Global Markets Inc. and Estrada Hinojosa & Co. Inc. (lead)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | June 6
|
| Settlement date: | July 9
|
|
|
| $40,295,000 series 2013A road and refunding bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $655,000 | 2014 | Serial | 1% | 100.449 | 0.25%
|
| $3.49 million | 2015 | Serial | 3% | 104.076 | 0.44%
|
| $2.68 million | 2016 | Serial | 3% | 106.128 | 0.62%
|
| $2.76 million | 2017 | Serial | 3% | 107.569 | 0.86%
|
| $1.75 million | 2018 | Serial | 4% | 112.78 | 1.14%
|
| $1.82 million | 2019 | Serial | 4% | 113.724 | 1.44%
|
| $1,895,000 | 2020 | Serial | 4% | 114.367 | 1.69%
|
| $1.99 million | 2021 | Serial | 5% | 121.209 | 1.98%
|
| $2,095,000 | 2022 | Serial | 5% | 121.74 | 2.21%
|
| $2.2 million | 2023 | Serial | 5% | 122.557 | 2.36%
|
| $2.31 million | 2024 | Serial | 5% | 121.122 | 2.51%
|
| $2.43 million | 2025 | Serial | 5% | 119.989 | 2.63%
|
| $2.55 million | 2026 | Serial | 5% | 119.054 | 2.73%
|
| $1.48 million | 2027 | Serial | 3.125% | 97.877 | 3.32%
|
| $1,535,000 | 2028 | Serial | 4% | 106.224 | 3.24%
|
| $1,595,000 | 2029 | Serial | 4% | 105.211 | 3.36%
|
| $1.66 million | 2030 | Serial | 4% | 104.709 | 3.42%
|
| $1.73 million | 2031 | Serial | 4% | 104.21 | 3.48%
|
| $3.67 million | 2033 | Term | 4% | 103.301 | 3.59%
|
|
|
| $15.97 million series 2013B refunding bonds
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $670,000 | 2015 | Serial | 0.65% | 100 | 0.65%
|
| $2,205,000 | 2016 | Serial | 3% | 105.418 | 0.887%
|
| $2.26 million | 2017 | Serial | 3% | 106.271 | 1.214%
|
| $2.16 million | 2018 | Serial | 4% | 111.24 | 1.464%
|
| $2,245,000 | 2019 | Serial | 4% | 111.713 | 1.792%
|
| $1.9 million | 2020 | Serial | 4% | 111.377 | 2.142%
|
| $950,000 | 2021 | Serial | 4% | 110.548 | 2.469%
|
| $990,000 | 2022 | Serial | 4% | 110.165 | 2.669%
|
| $1.03 million | 2023 | Serial | 4% | 109.429 | 2.869%
|
| $1,065,000 | 2024 | Serial | 3.019% | 100 | 3.019%
|
| $495,000 | 2025 | Serial | 3.169% | 100 | 3.169%
|
© 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.
