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Katy ISD, Texas, coordinates $251.21 million of school building bonds
By Sheri Kasprzak
New York, Jan. 25 – The Katy Independent School District of Texas is set to price $251.21 million of series 2016 school building and refunding bonds on Wednesday, according to a preliminary official statement.
The bonds (Aa1/AA) will be sold through senior manager Citigroup Global Markets Inc. The co-managers are BOSC Inc., Coastal Securities Inc., Hutchinson Shockey Erley & Co. Inc., Jefferies & Co., Ramirez & Co. Inc. and Raymond James/Morgan Keegan.
The deal includes $228,105,000 of series 2016A unlimited tax school building bonds and $23,105,000 of series 2016B unlimited tax refunding bonds.
The 2016A bonds are due 2017 to 2035, and the 2016B bonds are due 2040 and 2046.
Proceeds will be used to construct, acquire, equip, renovate and improve the district’s school facilities and refund the district’s series 2008C and 2009 school building bonds.
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