El Paso I.S.D. of Texas to price $142.16 million school bonds

By Sheri Kasprzak

New York, Aug. 25 - The El Paso Independent School District in Texas plans to sell $142.163 million in series 2008 unlimited tax school building and refunding bonds, according to a preliminary official statement released Monday.

The bonds (/A+/A+) will be sold on a negotiated basis with Southwest Securities as the lead manager. The co-managers are Depfa First Albany Securities, Banc of America Securities LLC and Cabrera Capital Markets.

The exact pricing date could not be determined Monday, but the pricing is expected this week.

The sale includes $21.043 million in premium capital appreciation bonds, which are due 2009 to 2021, and $121.12 million in current interest bonds, which are due 2022 to 2033.

Proceeds will be used to construct, equip and renovate school buildings, as well as to refund the district's series 1998 unlimited tax refunding bonds.

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