Katy ISD, Texas, prepares to sell $141.56 million bonds

By Sheri Kasprzak

New York, July 5 - The Katy Independent School District of Texas is set to sell $141.56 million of series 2013 unlimited tax school building and refunding bonds, according to a preliminary official statement.

The deal includes $101,625,000 of series 2013A school building bonds and $39,935,000 of series 2013B refunding bonds.

The bonds (Aa2/AA/) will be sold on a negotiated basis with BOSC Inc. as the senior manager. The co-managers are Oppenheimer & Co., Wells Fargo Securities LLC, Jefferies & Co. and Southwest Securities Inc.

The 2013A bonds are due 2014 to 2033, and the 2013B bonds are due 2014 to 2028.

Proceeds will be used to construct, equip and acquire school facilities in the district and to acquire sites for new school facilities, as well as to refund existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.