Published on 7/10/2013 in the Prospect News Municipals Daily.
New Issue: Crosby ISD, Texas, sells $67.5 million school bond offering
By Sheri Kasprzak
New York, July 10 - The Crosby Independent School District of Texas sold $67.5 million of series 2013 unlimited tax school building bonds, according to a pricing sheet.
The bonds (A1) were sold competitively. The issuer did not return calls for the winning bidder Wednesday.
The bonds are due 2030 to 2040 with a term bond due in 2043. The serial coupons range from 4% to 5%. The 2043 bonds have a 5% coupon priced at 105.398.
Proceeds will be used to fund the construction of a new high school.
| Issuer: | Crosby Independent School District
|
| Issue: | Series 2013 unlimited tax school building bonds
|
| Type: | Competitive
|
| Rating: | Moody's: A1
|
| Pricing date: | July 10
|
| Settlement date: | Aug. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $3,665,000 | 2030 | Serial | 4% | 98.807
|
| $3.82 million | 2031 | Serial | 4% | 97.9
|
| $3,975,000 | 2032 | Serial | 4% | 97.066
|
| $4,135,000 | 2033 | Serial | 4.125% | 98.222
|
| $4,305,000 | 2034 | Serial | 4.125% | 97.762
|
| $4,485,000 | 2035 | Serial | 5% | 107.248
|
| $4,665,000 | 2036 | Serial | 4.25% | 98.29
|
| $4,855,000 | 2037 | Serial | 5% | 106.487
|
| $5,055,000 | 2038 | Serial | 4.25% | 97.323
|
| $5.26 million | 2039 | Serial | 5% | 105.983
|
| $5,475,000 | 2040 | Serial | 5% | 105.732
|
| $17,805,000 | 2043 | Term | 5% | 105.398
|
© 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.
