Published on 6/6/2012 in the Prospect News Municipals Daily.
New Issue: Carrollton-Farmers Branch ISD, Texas, prices $54.97 million of bonds
By Sheri Kasprzak
New York, June 6 - The Carrollton-Farmers Branch Independent School District of Texas sold $54,965,000 of series 2012 unlimited tax school building and refunding bonds, said a pricing sheet.
The bonds (Aa1/AA/) were sold through Raymond James/Morgan Keegan and Wells Fargo Securities LLC. The co-managers were RBC Capital Markets LLC and Bank of America Merrill Lynch.
The bonds are due 2013 to 2032 with 2% to 5% coupons.
Proceeds will be used to construct, equip, acquire and renovate school buildings within the district, as well as to refund its series 2003 and 2004 unlimited tax school building bonds.
| Issuer: | Carrollton-Farmers Branch Independent School District, Texas
|
| Issue: | Series 2012 unlimited tax school building and refunding bonds
|
| Amount: | $54,965,000
|
| Type: | Negotiated
|
| Underwriters: | Raymond James/Morgan Keegan and Wells Fargo Securities LLC (lead), RBC Capital Markets LLC and Bank of America Merrill Lynch (co-managers)
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
| Pricing date: | June 6
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $1.15 million | 2013 | Serial | 2% | 101.008
|
| $1,185,000 | 2014 | Serial | 3% | 103.965
|
| $2.27 million | 2015 | Serial | 3% | 106.009
|
| $2.35 million | 2016 | Serial | 4% | 111.315
|
| $2,445,000 | 2017 | Serial | 4% | 113.437
|
| $2.56 million | 2018 | Serial | 5% | 120.56
|
| $2,695,000 | 2019 | Serial | 5% | 122.459
|
| $2.84 million | 2020 | Serial | 5% | 123.256
|
| $2.98 million | 2021 | Serial | 5% | 124.114
|
| $3,135,000 | 2022 | Serial | 5% | 124.882
|
| $3,305,000 | 2023 | Serial | 5% | 125.125
|
| $3,485,000 | 2024 | Serial | 5% | 121.683
|
| $3.65 million | 2025 | Serial | 4% | 110.033
|
| $3.81 million | 2026 | Serial | 4% | 108.803
|
| $3,965,000 | 2027 | Serial | 4% | 107.675
|
| $4.13 million | 2028 | Serial | 4% | 106.561
|
| $4,325,000 | 2029 | Serial | 5% | 117.75
|
| $1,485,000 | 2030 | Serial | 5% | 117.292
|
| $1.56 million | 2031 | Serial | 5% | 116.655
|
| $1.64 million | 2032 | Serial | 5% | 116.111
|
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