Published on 9/4/2014 in the Prospect News Municipals Daily.
New Issue: Del Valle ISD, Texas, sells $55.11 million refunding bonds
By Sheri Kasprzak
New York, Sept. 4 – The Del Valle Independent School District of Texas sold $55.11 million of series 2014A unlimited tax refunding bonds, according to a pricing sheet. The deal was upsized from $53.33 million.
The bonds were sold through BOSC Inc.
The bonds are due 2015 and 2018 to 2032 with 2% to 5% coupons and yields from 0.2% to 3.29%.
Proceeds will be used to refund the district’s series 2007 unlimited tax school building bonds.
| Issuer: | Del Valle Independent School District
|
| Issue: | Series 2014A unlimited tax refunding bonds
|
| Amount: | $55.11 million
|
| Type: | Negotiated
|
| Underwriters: | BOSC Inc. (lead), Baird & Co. Inc. and Ramirez & Co. Inc. (co-managers)
|
| Pricing date: | Sept. 4
|
| Settlement date: | Oct. 8
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $250,000 | 2015 | Serial | 2% | 101.233 | 0.20%
|
| $2,805,000 | 2018 | Serial | 2% | 103.978 | 0.90%
|
| $2.87 million | 2019 | Serial | 2% | 103.773 | 1.17%
|
| $2,925,000 | 2020 | Serial | 5% | 119.005 | 1.50%
|
| $3.07 million | 2021 | Serial | 5% | 120.21 | 1.78%
|
| $3.22 million | 2022 | Serial | 5% | 121.034 | 2.03%
|
| $3,385,000 | 2023 | Serial | 5% | 122.202 | 2.18%
|
| $3,555,000 | 2024 | Serial | 5% | 123.321 | 2.30%
|
| $3.73 million | 2025 | Serial | 5% | 122.542 | 2.38%
|
| $3.92 million | 2026 | Serial | 5% | 121.48 | 2.49%
|
| $4,115,000 | 2027 | Serial | 3% | 99.578 | 3.04%
|
| $4.24 million | 2028 | Serial | 3% | 98.559 | 3.13%
|
| $4,365,000 | 2029 | Serial | 4% | 107.737 | 3.07%
|
| $4,535,000 | 2030 | Serial | 4% | 107.044 | 3.15%
|
| $4.72 million | 2031 | Serial | 4% | 106.356 | 3.23%
|
| $3,405,000 | 2032 | Serial | 4% | 105.844 | 3.29%
|
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