By Sheri Kasprzak
New York, July 16 - The Tidehaven Independent School District of Texas priced $50.5 million of series 2012 general obligation bonds, said a pricing sheet.
The bonds were sold competitively, but the issuer did not return calls for the winning bidder by press time Monday evening.
The bonds are due 2013 to 2025 and 2029 to 2036 with term bonds due in 2039 and 2042. The serial coupons range from 2% to 5%. The 2039 bonds have a 3.375% coupon priced at 97.683, and the 2042 bonds have a 3.5% coupon priced at 99.09.
Proceeds will be used to construct two replacement elementary schools and a combination high school/junior high school to replace two existing schools.
| Issuer: | Tidehaven Independent School District, Texas
|
| Issue: | Series 2012 general obligation bonds
|
| Amount: | $50.5 million
|
| Type: | Competitive
|
| Pricing date: | July 16
|
| Settlement date: | Aug. 16
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 2% | 100.818
|
| 2014 | Serial | 2% | 102.386
|
| 2015 | Serial | 5% | 111.021
|
| 2016 | Serial | 5% | 115.017
|
| 2017 | Serial | 5% | 118.516
|
| 2018 | Serial | 5% | 121.045
|
| 2019 | Serial | 2% | 104.347
|
| 2020 | Serial | 2% | 103.173
|
| 2021 | Serial | 2.25% | 103.53
|
| 2022 | Serial | 3% | 108.61
|
| 2023 | Serial | 5% | 124.267
|
| 2024 | Serial | 5% | 123.109
|
| 2025 | Serial | 4% | 112.341
|
| 2029 | Serial | 3% | 100
|
| 2030 | Serial | 3% | 99.326
|
| 2031 | Serial | 3% | 98.6
|
| 2032 | Serial | 3.1% | 98.558
|
| 2033 | Serial | 3.2% | 98.519
|
| 2034 | Serial | 3.25% | 98.476
|
| 2035 | Serial | 3.375% | 99.609
|
| 2036 | Serial | 3.375% | 98.799
|
| 2039 | Term | 3.375% | 97.683
|
| 2042 | Term | 3.5% | 99.09
|
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