Published on 4/14/2016 in the Prospect News Municipals Daily.
New Issue: Denton ISD, Texas, prices $117.84 million unlimited tax refunding bonds
By Sheri Kasprzak
New York, April 14 – The Denton Independent School District of Texas priced $117.84 million of series 2016 unlimited tax refunding bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold through J.P. Morgan Securities LLC.
The bonds are due 2016 and 2025 to 2038 with 2% to 5% coupons.
Proceeds will be used to refund outstanding bonds.
| Issuer: | Denton Independent School District
|
| Issue: | Series 2016 unlimited tax refunding bonds
|
| Amount: | $117.84 million
|
| Type: | Negotiated
|
| Underwriter: | J.P. Morgan Securities LC
|
| Ratings: | Standard & Poor’s: AAA
|
| Fitch: AAA
|
| Pricing date: | April 13
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $515,000 | 2016 | Serial | 2% | 100.333
|
| $4 million | 2025 | Serial | 5% | 127.317
|
| $12.34 million | 2026 | Serial | 5% | 127.542
|
| $12,925,000 | 2027 | Serial | 5% | 126.627
|
| $12,045,000 | 2028 | Serial | 3% | 106.434
|
| $10.51 million | 2029 | Serial | 5% | 125.018
|
| $14,375,000 | 2030 | Serial | 5% | 124.421
|
| $5.12 million | 2031 | Serial | 4% | 113.076
|
| $10.36 million | 2031 | Serial | 5% | 123.729
|
| $6.01 million | 2034 | Serial | 4% | 111.154
|
| $6.3 million | 2035 | Serial | 4% | 110.612
|
| $7,475,000 | 2036 | Serial | 4% | 110.163
|
| $7,775,000 | 2037 | Serial | 4% | 109.716
|
| $8.09 million | 2038 | Serial | 4% | 109.271
|
|
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