Published on 7/1/2014 in the Prospect News Municipals Daily.
New Issue: Goose Creek Consolidated ISD, Texas, sells $71.47 million refunding debt
By Sheri Kasprzak
New York, July 1 – The Goose Creek Consolidated Independent School District of Texas sold $71,465,000 of series 2014C unlimited tax refunding bonds, according to a pricing sheet.
The bonds (Aa2/AA-/) were sold through First Southwest Co.
The bonds are due 2024 to 2030 with 4% to 5% coupons and 2.37% to 3.04% yields.
Proceeds will be used to refund existing school building bonds.
| Issuer: | Goose Creek Consolidated Independent School District
|
| Issue: | Series 2014 unlimited tax refunding bonds
|
| Amount: | $71,465,000
|
| Type: | Negotiated
|
| Underwriter: | First Southwest Co.
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AA-
|
| Pricing date: | July 1
|
| Settlement date: | July 29
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $4,485,000 | 2024 | Serial | 5% | 122.346 | 2.37%
|
| $12.94 million | 2025 | Serial | 4% | 110.429 | 2.75%
|
| $13.47 million | 2026 | Serial | 4% | 109.549 | 2.85%
|
| $14,095,000 | 2027 | Serial | 5% | 119.329 | 2.69%
|
| $5.21 million | 2028 | Serial | 4% | 107.9 | 3.04%
|
| $15.5 million | 2029 | Serial | 5% | 117.854 | 2.85%
|
| $5,765,000 | 2030 | Serial | 5% | 117.215 | 2.92%
|
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