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Prospect News home > News index > List of issuers Tenders > Headlines for 2015 > News item
Published on 11/19/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Spring Branch ISD, Texas, defeases some series 2007 and 2008 bonds

By Wendy Van Sickle

Columbus, Ohio, Nov. 19 – The Spring Branch Independent School District of Texas defeased $44,415,000 of limited tax refunding bonds, series 2007, and $160.2 million of unlimited tax schoolhouse bonds, series 2008, according to a notice.

The following series 2007 bonds will be redeemed Feb. 1, 2016 at par:

• $6.96 million of 4.5% bonds due Feb. 1, 2018;

• $12,525,000 of 4.375% bonds due Feb. 1, 2019;

• $13,085,000 of 4.3% bonds due Feb. 1, 2020;

• $13.66 million of 4.35% bonds due Feb. 1, 2021;

• $7,555,000 of 4.25% bonds due Feb. 1, 2022;

• $7,895,000 of 4.5% bonds due Feb. 1, 2023;

• $8.26 million of 4.5% bonds due Feb. 1, 2024; and

• $17,675,000 of 4.5% bonds due Feb. 1, 2026.

The bonds will be redeemed with proceeds from the issuance of limited tax refunding bonds, series 2015A.

The following series 2008 bonds will be redeemed Feb. 1, 2017 at par:

• $1.55 million of 5.5% bonds due Feb. 1, 2018;

• $4.8 million of 5.5% bonds due Feb. 1, 2019;

• $5.04 million of 5.25% bonds due Feb. 1, 2020;

• $5.29 million of 5% bonds due Feb. 1, 2021;

• $5.56 million of 5% bonds due Feb. 1, 2022;

• $5.83 million of 5% bonds due Feb. 1, 2023;

• $6.12 million of 5% bonds due Feb. 1, 2024;

• $6.43 million of 5% bonds due Feb. 1, 2025;

• $6.75 million of 5% bonds due Feb. 1, 2026;

• $7.09 million of 5.25% bonds due Feb. 1, 2027;

• $7.44 million of 5% bonds due Feb. 1, 2028;

• $7.82 million of 5.25% bonds due Feb. 1, 2029;

• $8.21 million of 5.25% bonds due Feb. 1, 2030;

• $8.62 million of 5.25% bonds due Feb. 1, 2031;

• $28.51 million of 5.25% bonds due Feb. 1, 2034; and

• $45.14 million of 5.25% bonds due Feb. 1, 2038.

These bonds will be redeemed with proceeds from the issuance of limited tax refunding bonds, series 2015B.


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