New Issue: El Paso ISD, Texas, brings to market $78.74 million of refunding bonds

By Sheri Kasprzak

New York, Dec. 18 – The El Paso Independent School District sold $78.74 million of series 2015 unlimited tax refunding bonds, according to a pricing sheet.

The bonds (/AAA/AAA) were sold through Piper Jaffray & Co.

The bonds are due 2015 and 2018 to 2032 with 3% to 5% coupons and 0.23% to 2.72% yields.

Proceeds will be used to refund existing unlimited tax bonds for the district.

Issuer:	El Paso Independent School District
Issue:	Series 2015 unlimited tax refunding bonds
Amount:	$78.74 million
Type:	Negotiated
Underwriter:	Piper Jaffray & Co.
Ratings:	Standard & Poor’s: AAA
	Fitch: AAA
Pricing date:	Dec. 17
Settlement date:	Jan. 15
Amount	Maturity	Type	Coupon	Price	Yield
$950,000	2015	Serial	3%	101.613	0.23%
$2,525,000	2018	Serial	5%	113.816	1.06%
$2,655,000	2019	Serial	5%	116.216	1.34%
$2,785,000	2020	Serial	5%	118.265	1.57%
$4.35 million	2021	Serial	5%	119.918	1.78%
$2 million	2022	Serial	3%	107.221	1.97%
$4.75 million	2023	Serial	5%	122.755	2.09%
$4.99 million	2024	Serial	5%	124.17	2.19%
$5,235,000	2025	Serial	5%	123.198	2.29%
$5,505,000	2026	Serial	5%	122.234	2.39%
$5,775,000	2027	Serial	5%	121.66	2.45%
$6,065,000	2028	Serial	5%	120.995	2.52%
$6.37 million	2029	Serial	5%	120.523	2.57%
$6.69 million	2030	Serial	5%	120.052	2.62%
$7,025,000	2031	Serial	5%	119.584	2.67%
$8,505,000	2032	Serial	5%	119.118	2.72%

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