Published on 8/11/2011 in the Prospect News Municipals Daily.
New Issue: Grapevine-Colleyville Independent School District, Texas, sells $96.2 million bonds
By Sheri Kasprzak
New York, Aug. 11 - The Grapevine-Colleyville Independent School District of Texas priced $96.2 million of series 2011 unlimited tax school building and refunding bonds on Thursday, according to a pricing sheet.
The bonds (Aa2/Aaa) were sold through First Southwest Co. with Morgan Keegan & Co. Inc., RBC Capital Markets LLC, Southwest Securities Inc. and Wells Fargo Securities LLC as co-managers.
The bonds are due 2013 to 2036 with 1.75% to 5% coupons.
Proceeds will be used to construct, equip and acquire school buildings within the district, as well as refund existing debt.
| Issuer: | Grapevine-Colleyville Independent School District
|
| Issue: | Series 2011 unlimited tax school building and refunding bonds
|
| Amount: | $96.2 million
|
| Type: | Negotiated
|
| Underwriters: | First Southwest Co. (lead), Morgan Keegan & Co. Inc., RBC Capital Markets LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers)
|
| Rating: | Moody's: Aa2/Aaa
|
| Pricing date: | Aug. 11
|
|
|
| Maturity | Type | Coupon | Price
|
| 2013 | Serial | 1.75% | 102.698
|
| 2014 | Serial | 2% | 104.396
|
| 2015 | Serial | 5% | 116.834
|
| 2016 | Serial | 3% | 109.507
|
| 2017 | Serial | 4% | 114.882
|
| 2018 | Serial | 4% | 114.564
|
| 2019 | Serial | 4% | 114.135
|
| 2020 | Serial | 5% | 121.966
|
| 2021 | Serial | 5% | 122.267
|
| 2022 | Serial | 5% | 119.54
|
| 2023 | Serial | 5% | 117.636
|
| 2024 | Serial | 5% | 116.232
|
| 2025 | Serial | 5% | 115.031
|
| 2026 | Serial | 5% | 114.026
|
| 2027 | Serial | 5% | 113.212
|
| 2028 | Serial | 5% | 112.405
|
| 2029 | Serial | 5% | 111.605
|
| 2030 | Serial | 5% | 110.811
|
| 2031 | Serial | 5% | 110.025
|
| 2032 | Serial | 5% | 109.245
|
| 2033 | Serial | 5% | 108.643
|
| 2034 | Serial | 5% | 108.045
|
| 2035 | Serial | 5% | 107.535
|
| 2036 | Serial | 5% | 107.113
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
