Published on 4/24/2013 in the Prospect News Municipals Daily.
New Issue: Travis County, Texas, sells $65 million bonds, certificates
By Sheri Kasprzak
New York, April 24 - Travis County, Texas, priced $65 million of series 2013 bonds and certificates, according to a pricing sheet.
The deal included $21,025,000 of series 2013 limited tax certificates of obligation, $10,755,000 of series 2013 limited tax permanent improvement bonds and $33.22 million of series 2013 unlimited tax road bonds.
The certificates are due 2014 to 2018 with 3% to 3.375% coupons.
The improvement bonds are due 2014 to 2033 with 1.5% to 3.25% coupons.
The road bonds are due 2014 to 2033 with 2% to 4% coupons.
The bonds (Aaa/AAA/) were sold competitively, but the issuer did not immediately return calls for the winning bidder Wednesday.
Proceeds will be used to construct and equip county law enforcement facilities, purchase computer and telecommunications equipment, construct and improve county roads and improve county parks.
| Issuer: | Travis County, Texas
|
| Issue: | Series 2013 bonds and certificates
|
| Amount: | $65 million
|
| Type: | Competitive
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | April 24
|
| Settlement date: | May 21
|
|
|
| $21,025,000 series 2013 limited tax certificates of obligation
|
| Amount | Maturity | Type | Coupon | Price
|
| $4.1 million | 2014 | Serial | 3% | 102.135
|
| $4.18 million | 2015 | Serial | 3.375% | 105.264
|
| $4.22 million | 2016 | Serial | 3.375% | 107.92
|
| $4.25 million | 2017 | Serial | 3.25% | 109.686
|
| $4,275,000 | 2018 | Serial | 3.25% | 111.212
|
|
|
| $10,755,000 series 2013 limited tax permanent improvement bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $345,000 | 2014 | Serial | 2% | 101.319
|
| $445,000 | 2015 | Serial | 2% | 102.831
|
| $455,000 | 2016 | Serial | 1.5% | 102.559
|
| $465,000 | 2017 | Serial | 2% | 104.418
|
| $475,000 | 2018 | Serial | 2% | 104.653
|
| $485,000 | 2019 | Serial | 2% | 104.509
|
| $495,000 | 2020 | Serial | 2% | 103.8
|
| $510,000 | 2021 | Serial | 2% | 102.617
|
| $520,000 | 2022 | Serial | 2% | 101.453
|
| $530,000 | 2023 | Serial | 2% | 100
|
| $545,000 | 2024 | Serial | 3% | 107.183
|
| $555,000 | 2025 | Serial | 3% | 105.11
|
| $570,000 | 2026 | Serial | 3% | 102.994
|
| $580,000 | 2027 | Serial | 3% | 101.013
|
| $595,000 | 2028 | Serial | 3% | 99.17
|
| $610,000 | 2029 | Serial | 3% | 98.143
|
| $625,000 | 2030 | Serial | 3% | 97.289
|
| $635,000 | 2031 | Serial | 3.125% | 98.186
|
| $650,000 | 2032 | Serial | 3.125% | 97.425
|
| $665,000 | 2033 | Serial | 3.25% | 98.416
|
|
|
| $33.22 million series 2013 unlimited tax road bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.06 million | 2014 | Serial | 2% | 101.358
|
| $1.37 million | 2015 | Serial | 4% | 106.462
|
| $1.4 million | 2016 | Serial | 4% | 109.642
|
| $1.44 million | 2017 | Serial | 4% | 112.48
|
| $1.47 million | 2018 | Serial | 2% | 105.372
|
| $1.5 million | 2019 | Serial | 2% | 105.484
|
| $1,535,000 | 2020 | Serial | 3% | 111.337
|
| $1.57 million | 2021 | Serial | 3% | 110.971
|
| $1.6 million | 2022 | Serial | 2% | 102.435
|
| $1.65 million | 2023 | Serial | 2% | 100.887
|
| $1.68 million | 2024 | Serial | 2.125% | 99.282
|
| $1.72 million | 2025 | Serial | 2.25% | 98.467
|
| $1.75 million | 2026 | Serial | 2.5% | 98.916
|
| $1.8 million | 2027 | Serial | 2.625% | 98.008
|
| $1.84 million | 2028 | Serial | 3% | 100
|
| $1.88 million | 2029 | Serial | 3% | 99.374
|
| $1,925,000 | 2030 | Serial | 3% | 98.696
|
| $1,965,000 | 2031 | Serial | 3% | 97.967
|
| $2.01 million | 2032 | Serial | 3% | 97.19
|
| $2,055,000 | 2033 | Serial | 3.125% | 98.183
|
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