Published on 4/19/2013 in the Prospect News Municipals Daily.
New Issue: Eagle Mountain-Saginaw ISD, Texas, prices $53.8 million building bonds
By Sheri Kasprzak
New York, April 19 - The Eagle Mountain-Saginaw Independent School District of Texas priced $53.8 million of series 2013A unlimited tax refunding school building bonds, according to a pricing sheet.
The bonds (//A+) were sold through First Southwest Co. and Baird & Co.
The bonds are due 2016 to 2033 with 2% to 5% coupons.
Proceeds will be used to refund the district's series 2006 and 2007 unlimited tax school building bonds.
| Issuer: | Eagle Mountain-Saginaw Independent School District
|
| Issue: | Series 2013A unlimited tax refunding school building bonds
|
| Amount: | $53.8 million
|
| Type: | Negotiated
|
| Underwriters: | First Southwest Co. and Baird & Co. (lead), Raymond James/Morgan Keegan and Southwest Securities Inc. (co-managers)
|
| Rating: | Fitch: A+
|
| Pricing date: | April 16
|
| Settlement date: | May 2
|
|
|
| Amount Maturity | Type | Coupon Price
|
| $1.89 million | 2016 | Serial | 2% | 104.548
|
| $1.9 million | 2017 | Serial | 3% | 109.427
|
| $1,965,000 | 2018 | Serial | 4% | 115.575
|
| $2,055,000 | 2019 | Serial | 4% | 116.969
|
| $2.15 million | 2020 | Serial | 4% | 117.796
|
| $2,255,000 | 2021 | Serial | 4% | 118.213
|
| $2,625,000 | 2022 | Serial | 5% | 126.858
|
| $2.75 million | 2023 | Serial | 5% | 127.656
|
| $2.9 million | 2024 | Serial | 5% | 126.276
|
| $6.23 million | 2026 | Serial | 5% | 123.467
|
| $3,375,000 | 2027 | Serial | 4% | 111.129
|
| $3.54 million | 2028 | Serial | 4% | 110.28
|
| $3,675,000 | 2029 | Serial | 5% | 120.732
|
| $3.85 million | 2030 | Serial | 5% | 120.134
|
| $4.04 million | 2031 | Serial | 5% | 119.639
|
| $4,245,000 | 2032 | Serial | 3.125% | 96.267
|
| $4,355,000 | 2033 | Serial | 3.25% | 97.238
|
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