By Sheri Kasprzak
New York, Sept. 8 - The Midlothian Independent School District of Texas priced Thursday $50 million of series 2011B variable-rate unlimited tax school building bonds, according to a pricing sheet.
The bonds (Aaa/A1/AAA/A+) were sold through First Southwest Co.
The bonds are due Aug. 1, 2051 and initially bear interest at 2.25% priced at 103.347.
Proceeds will be used to construct, equip and acquire schools in the district, as well as purchase land ahead of the construction of a new high school.
| Issuer: | Midlothian Independent School District
|
| Issue: | Series 2011B variable-rate unlimited tax school building bonds
|
| Amount: | $50 million
|
| Maturity: | Aug. 1, 2051
|
| Coupon: | 2.25%
|
| Price: | 103.347
|
| Type: | Negotiated
|
| Underwriter: | First Southwest Co.
|
| Ratings: | Moody's: Aaa/A1
|
| Standard & Poor's: AAA/A+
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 29
|
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