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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
AmountMaturityTypeCouponPrice
$570,0002015Serial2%100.714
$115,0002016Serial2%102.223
$115,0002017Serial2%103.095
$685,0002018Serial0%95.675
$800,0002019Serial0%93.493
$2.26 million2020Serial2%102.577
$2.3 million2020Serial5%118.043
$4.7 million2021Serial2.5%104.883
$4,835,0002022Serial2.125%101.405
$4.95 million2023Serial2.5%103.138
$3,125,0002024Serial5%123.244
$3,295,0002025Serial5%122.202
$5.81 million2026Serial4.5%116.637
$2 million2027Serial4%110.45
$4.05 million2027Serial5%120.148
$6,345,0002028Serial5%119.137
$6,675,0002029Serial3%97.933
$6,865,0002030Serial5%118.136
$2.52 million2031Serial5%117.684
$2,645,0002032Serial5%117.234

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