Katy Independent School District, Texas, to sell $149.14 million bonds

By Sheri Kasprzak

New York, May 29 - The Katy Independent School District of Texas is expected to price $149,135,000 of series 2012A unlimited tax school building and refunding bonds during the week of May 28, according to a preliminary official statement.

The bonds (Aa2/AA/) will be sold through lead managers Piper Jaffray & Co. and BOSC Inc. The co-managers are Coastal Securities Inc., Raymond James/Morgan Keegan and Wells Fargo Securities LLC.

The bonds are due 2012 to 2042.

Proceeds will be used to finance the construction, equipment and acquisition of school buildings in the district, as well as to refund the district's series 2003A school building bonds.

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