By Sheri Kasprzak
New York, Aug. 13 - The Lone Star College System of Texas sold $150 million in series 2009 limited tax general obligation bonds on Wednesday, according to a pricing sheet.
The bonds were sold through lead manager First Southwest Co. The co-managers included Siebert Brandford Shank & Co. LLC, Coastal Securities Inc., Morgan Keegan & Co. Inc., Jefferies & Co. and Wells Fargo Brokerage Services LLC.
The bonds are due 2010 to 2019 with a term bond due 2034.
The serials have coupons from 2% to 5%. The 2034 bonds have a 5% coupon, priced at par.
Proceeds will be used to fund construction and renovation projects at the system's colleges.
The college system is based in The Woodlands, Texas.
Issuer: | Lone Star College System
|
Issue: | Series 2009 limited tax general obligation bonds
|
Amount: | $150 million
|
Type: | Negotiated
|
Underwriters: | First Southwest Co. (lead); Siebert Brandford Shank & Co. LLC, Coastal Securities Inc., Morgan Keegan & Co. Inc., Jefferies & Co. and Wells Fargo Brokerage Services LLC (co-managers)
|
Pricing date: | Aug. 12
|
Settlement date: | Sept. 16
|
|
Maturity | Type | Coupon | Price
|
2010 | Serial | 3% | 102.276
|
2011 | Serial | 2% | 101.986
|
2011 | Serial | 3.5% | 104.824
|
2012 | Serial | 5% | 110.575
|
2013 | Serial | 2.25% | 102.341
|
2013 | Serial | 3% | 105.173
|
2014 | Serial | 2.5% | 101.904
|
2015 | Serial | 3.5% | 105.916
|
2015 | Serial | 4% | 108.656
|
2016 | Serial | 3.5% | 104.949
|
2016 | Serial | 5% | 114.347
|
2017 | Serial | 3.5% | 103.497
|
2017 | Serial | 5% | 113.994
|
2018 | Serial | 5% | 113.612
|
2019 | Serial | 3.75% | 102.583
|
2019 | Serial | 4.25% | 106.753
|
2034 | Term | 5% | 100.000
|
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