By Sheri Kasprzak
New York, April 12 - The Klein Independent School District of Texas sold $83.9 million of series 2011 unlimited tax schoolhouse bonds, said a pricing sheet.
The bonds (Aa1/Aaa/AAA) were sold competitively on Monday.
The bonds are due 2012 to 2017 and 2020 to 2031 with term bonds due in 2036 and 2041. The serial coupons range from 3% to 5%. The 2036 bonds have a 5% coupon priced at par. The 2041 bonds have a 5% coupon priced at 99.227.
Proceeds will be used to construct, acquire and renovate school facilities.
The district is located in Klein, Texas.
| Issuer: | Klein Independent School District
|
| Issue: | Series 2011 unlimited tax schoolhouse bonds
|
| Amount: | $83.9 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aa1/Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | April 11
|
| Settlement date: | May 1
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1 million | 2012 | Serial | 3.5% | 102.232
|
| $1.39 million | 2013 | Serial | 3.5% | 104.608
|
| $1.46 million | 2014 | Serial | 3% | 104.695
|
| $1.535 million | 2015 | Serial | 3% | 105
|
| $1.615 million | 2016 | Serial | 3% | 104.713
|
| $1.8 million | 2017 | Serial | 3% | 103.404
|
| $1.895 million | 2020 | Serial | 4% | 104.877
|
| $1.99 million | 2021 | Serial | 3.25% | 98.194
|
| $2.095 million | 2022 | Serial | 5% | 111.219
|
| $2.205 million | 2023 | Serial | 5% | 110.014
|
| $2.325 million | 2024 | Serial | 4% | 99.797
|
| $2.445 million | 2025 | Serial | 4% | 98.334
|
| $2.575 million | 2026 | Serial | 4% | 97.066
|
| $2.71 million | 2027 | Serial | 4.25% | 98.751
|
| $2.85 million | 2028 | Serial | 4.375% | 99.116
|
| $3 million | 2029 | Serial | 4.5% | 99.51
|
| $3.16 million | 2030 | Serial | 4.5% | 98.377
|
| $3.325 million | 2031 | Serial | 4.5% | 97.189
|
| $19.43 million | 2036 | Term | 5% | 100
|
| $25.095 million | 2041 | Term | 5% | 99.227
|
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