Houston ISD, Texas, preps $150 million sale of variable-rate bonds

By Sheri Kasprzak

New York, Feb. 4 - The Houston Independent School District of Texas is set to price $150 million of series 2013B limited tax variable-rate schoolhouse bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The co-managers are Estrada Hinojosa & Co. Inc. and Loop Capital Markets LLC.

The bonds are due 2035 to 2037.

Proceeds will be used to construct, equip and acquire school buildings within the district.

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