New Issue: Katy Independent School District, Texas, prices $115 million of bonds

By Sheri Kasprzak

New York, June 29 - The Katy Independent School District of Texas sold $115 million of series 2012C variable-rate refunding bonds, said a pricing sheet.

The bonds (Aaa/AAA/) were sold through Bank of America Merrill Lynch and Jefferies & Co. The co-managers were Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC.

The bonds are due Aug. 15, 2036 and bear interest at the weekly rate.

Proceeds will be used to refund the district's series 2004C variable-rate unlimited tax school building bonds.

Issuer:	Katy Independent School District
Issue:	Series 2012C variable-rate refunding bonds
Amount:	$115 million
Maturity:	Aug. 15, 2036
Coupon:	Weekly
Price:	100
Type:	Negotiated
Underwriters:	Bank of America Merrill Lynch and Jefferies & Co. (lead); Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Southwest Securities Inc. and Wells Fargo Securities LLC (co-managers)
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Pricing date:	June 28
Settlement date:	July 17

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