Crowley I.S.D., Texas, to price $80 million building bonds July 17

By Cristal Cody

Springdale, Ark., July 9 - Crowley Independent School District in Texas plans to price $80 million building bonds on July 17, a source said Wednesday.

The series 2008 bonds will be sold as current interest and capital appreciation bonds.

The $77.99 million current interest bonds have serial maturities from 2014 through 2039.

The $2.01 million capital appreciation bonds have maturities on Aug. 29, 2008 and Aug. 1, 2010 through Aug. 1, 2013.

First Southwest Co. is the senior manager of the negotiated sale. Co-managers are Morgan Keegan & Co., Morgan Stanley, RBC Capital Markets and Edward D. Jones & Co.

Proceeds will be used to construct, renovate and equip school facilities.

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