Published on 3/3/2015 in the Prospect News Municipals Daily.
New Issue: Eagle Mountain-Saginaw ISD, Texas, brings $64.66 million refunding debt
By Sheri Kasprzak
New York, March 3 – The Eagle Mountain-Saginaw Independent School District of Texas sold $64.66 million of series 2015 refunding bonds, according to a pricing sheet.
The bonds (/AAA/AAA) were sold through senior manager First Southwest Co.
The bonds are due 2015 to 2032 with 0% to 5% coupons.
Proceeds will be used to refund existing debt.
Issuer: | Eagle Mountain-Saginaw Independent School District, Texas
|
Issue: | Series 2015 refunding bonds
|
Amount: | $64.66 million
|
Type: | Negotiated
|
Underwriter: | First Southwest Co.
|
Ratings: | Standard & Poor’s: AAA
|
| Fitch: AAA
|
Pricing date: | March 3
|
|
Amount | Maturity | Type | Coupon | Price
|
$570,000 | 2015 | Serial | 2% | 100.714
|
$115,000 | 2016 | Serial | 2% | 102.223
|
$115,000 | 2017 | Serial | 2% | 103.095
|
$685,000 | 2018 | Serial | 0% | 95.675
|
$800,000 | 2019 | Serial | 0% | 93.493
|
$2.26 million | 2020 | Serial | 2% | 102.577
|
$2.3 million | 2020 | Serial | 5% | 118.043
|
$4.7 million | 2021 | Serial | 2.5% | 104.883
|
$4,835,000 | 2022 | Serial | 2.125% | 101.405
|
$4.95 million | 2023 | Serial | 2.5% | 103.138
|
$3,125,000 | 2024 | Serial | 5% | 123.244
|
$3,295,000 | 2025 | Serial | 5% | 122.202
|
$5.81 million | 2026 | Serial | 4.5% | 116.637
|
$2 million | 2027 | Serial | 4% | 110.45
|
$4.05 million | 2027 | Serial | 5% | 120.148
|
$6,345,000 | 2028 | Serial | 5% | 119.137
|
$6,675,000 | 2029 | Serial | 3% | 97.933
|
$6,865,000 | 2030 | Serial | 5% | 118.136
|
$2.52 million | 2031 | Serial | 5% | 117.684
|
$2,645,000 | 2032 | Serial | 5% | 117.234
|
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