Published on 12/4/2015 in the Prospect News Municipals Daily.
New Issue: Tarrant Regional Water District, Texas, sells $140 million bonds privately
By Sheri Kasprzak
New York, Dec. 4 – The Tarrant Regional Water District of Texas priced $140 million of series 2015 water transmission facilities revenue bonds through a private placement, according to a filing from the Securities and Exchange Commission.
The bonds (Aa1/AAA/) are due 2017 to 2045 with 0.45% to 3.21% coupons all priced at par.
Proceeds will be used to pay for the design, acquisition and construction of costs related to the Dallas project, a water transmission contract.
Issuer: | Tarrant Regional Water District, Texas
|
Issue: | Series 2015 water transmission facilities revenue bonds
|
Amount: | $140 million
|
Type: | Private placement
|
Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AAA
|
Pricing date: | Nov. 25
|
Settlement date: | Dec. 8
|
|
Amount | Maturity | Type | Coupon | Price
|
$3,535,000 | 2017 | Serial | 0.45% | 100
|
$3.56 million | 2018 | Serial | 0.67% | 100
|
$3,595,000 | 2019 | Serial | 0.86% | 100
|
$3,635,000 | 2020 | Serial | 1.05% | 100
|
$3.68 million | 2021 | Serial | 1.22% | 100
|
$3,735,000 | 2022 | Serial | 1.39% | 100
|
$3.8 million | 2023 | Serial | 1.57% | 100
|
$3.87 million | 2024 | Serial | 1.68% | 100
|
$3,945,000 | 2025 | Serial | 1.76% | 100
|
$4.02 million | 2026 | Serial | 1.97% | 100
|
$4,115,000 | 2027 | Serial | 2.19% | 100
|
$4,215,000 | 2028 | Serial | 2.36% | 100
|
$4,325,000 | 2029 | Serial | 2.54% | 100
|
$4.44 million | 2030 | Serial | 2.65% | 100
|
$4,565,000 | 2031 | Serial | 2.75% | 100
|
$4,695,000 | 2032 | Serial | 2.80% | 100
|
$4,835,000 | 2033 | Serial | 2.86% | 100
|
$4.98 million | 2034 | Serial | 2.88% | 100
|
$5.13 million | 2035 | Serial | 2.91% | 100
|
$5.29 million | 2036 | Serial | 3.11% | 100
|
$5.46 million | 2037 | Serial | 3.11% | 100
|
$5.63 million | 2038 | Serial | 3.11% | 100
|
$5,815,000 | 2039 | Serial | 3.12% | 100
|
$6 million | 2040 | Serial | 3.12% | 100
|
$6.2 million | 2041 | Serial | 3.20% | 100
|
$6,405,000 | 2042 | Serial | 3.20% | 100
|
$6,615,000 | 2043 | Serial | 3.21% | 100
|
$6.84 million | 2044 | Serial | 3.21% | 100
|
$7.07 million | 2045 | Serial | 3.21% | 100
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.