Clear Creek I.S.D. in Texas to price $96.675 million building and refunding bonds

By Cristal Cody

Springdale, Ark., April 15 - Clear Creek Independent School District in Galveston and Harris counties, Texas, plans to price $96.675 million unlimited tax school building and refunding bonds on Wednesday, a source told Prospect News.

The series 2008 bonds have serial maturities from 2009 through 2033.

Merrill Lynch & Co. is the senior manager of the negotiated sale. Co-managers are First Southwest Co., Coastal Securities, Morgan Stanley, UBS Investment Bank, Banc of America Securities LLC and J.P. Morgan Securities Inc.

Proceeds will be used to construct new schools, purchase building sites, upgrade technology and refund outstanding unlimited tax bonds.

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