By Sheri Kasprzak
New York, Feb. 10 - The Conroe Independent School District of Texas sold $82.41 million of series 2011 lease revenue bonds on Thursday, according to a term sheet.
The bonds were sold through Raymond James & Associates Inc.
The bonds are due 2012 to 2031 with term bonds due in 2033 and 2035. The serial coupons range from 2% to 5%. The 2033 bonds have a 5.25% coupon priced at 102.508. The 2035 bonds have a 5% coupon priced at 99.
Proceeds will be used to construct new school facilities, as well as to renovate and expand existing facilities.
| Issuer: | Conroe Independent School District
|
| Issue: | Series 2011 lease revenue bonds
|
| Amount: | $82.41 million
|
| Type: | Negotiated
|
| Underwriter: | Raymond James & Associates Inc.
|
| Rating: | Moody's: Aa2/Aaa
|
| Pricing date: | Feb. 10
|
| Settlement date: | March 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $600,000 | 2012 | Serial | 2% | 101.448
|
| $675,000 | 2013 | Serial | 2% | 102.219
|
| $1.155 million | 2014 | Serial | 2% | 102.194
|
| $1.185 million | 2015 | Serial | 2.25% | 101.861
|
| $1.21 million | 2016 | Serial | 2.5% | 102.059
|
| $1.24 million | 2017 | Serial | 2.5% | 100.55
|
| $1.285 million | 2018 | Serial | 5% | 114.212
|
| $1.35 million | 2019 | Serial | 5% | 113.672
|
| $1.425 million | 2020 | Serial | 5% | 112.749
|
| $1.495 million | 2021 | Serial | 5% | 110.709
|
| $2.56 million | 2022 | Serial | 5% | 109.03
|
| $2.685 million | 2023 | Serial | 5% | 107.693
|
| $2.83 million | 2024 | Serial | 5% | 106.452
|
| $3.015 million | 2025 | Serial | 5% | 105.38
|
| $2.86 million | 2026 | Serial | 5% | 104.396
|
| $5.04 million | 2027 | Serial | 5% | 103.498
|
| $5.3 million | 2028 | Serial | 5% | 102.757
|
| $5.57 million | 2029 | Serial | 5% | 101.949
|
| $5.855 million | 2030 | Serial | 5% | 101.438
|
| $6.32 million | 2031 | Serial | 4.75% | 98.226
|
| $13.64 million | 2033 | Term | 5.25% | 102.508
|
| $15.115 million | 2035 | Term | 5% | 99
|
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