Published on 6/27/2013 in the Prospect News Municipals Daily.
New Issue: San Marcos Consolidated ISD, Texas, prices $70.79 million school bonds
By Sheri Kasprzak
New York, June 27 - The San Marcos Consolidated Independent School District of Texas priced $70,795,000 of series 2013 unlimited tax school building bonds, said a pricing sheet.
The bonds (Aa3) were sold through lead managers BOSC Inc. and Edward D. Jones & Co. LP.
The bonds are due 2016 to 2032 with term bonds due in 2034 and 2038. The serial coupons range from 2% to 5%. The 2034 bonds have a 4.125% coupon priced at par and a 5% coupon priced at 108.853. The 2038 bonds have a 5% coupon priced at 107.738.
Proceeds will be used to construct, equip, improve and renovate school facilities in the district.
| Issuer: | San Marcos Consolidated Independent School District
|
| Issue: | Series 2013 unlimited tax school building bonds
|
| Amount: | $70,795,000
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. and Edward D. Jones & Co. LP (lead), Samco Capital Markets Inc., First Southwest Inc. and Wells Fargo Securities LLC (co-managers)
|
| Rating: | Moody's: Aa3
|
| Pricing date: | June 27
|
| Settlement date: | July 15
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $415,000 | 2016 | Serial | 2% | 102.934
|
| $630,000 | 2017 | Serial | 2% | 102.671
|
| $845,000 | 2018 | Serial | 4% | 111.355
|
| $980,000 | 2019 | Serial | 5% | 117.462
|
| $1.03 million | 2020 | Serial | 5% | 118.182
|
| $1.08 million | 2021 | Serial | 5% | 118.393
|
| $1,135,000 | 2022 | Serial | 5% | 118.155
|
| $1.19 million | 2023 | Serial | 5% | 118.475
|
| $1.25 million | 2024 | Serial | 5% | 117.147
|
| $1.31 million | 2025 | Serial | 5% | 115.93
|
| $1.38 million | 2026 | Serial | 5% | 114.637
|
| $1,445,000 | 2027 | Serial | 5% | 113.451
|
| $1.52 million | 2028 | Serial | 5% | 112.28
|
| $1.6 million | 2029 | Serial | 5% | 110.3
|
| $4,995,000 | 2030 | Serial | 5% | 110.507
|
| $5,245,000 | 2031 | Serial | 5% | 109.981
|
| $5,505,000 | 2032 | Serial | 5% | 109.459
|
| $1.84 million | 2034 | Term | 4.125% | 100
|
| $10 million | 2034 | Term | 5% | 108.853
|
| $27.4 million | 2038 | Term | 5% | 107.738
|
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