Keller ISD, Texas, to price $161.95 million bonds week of March 16

By Cristal Cody

Tupelo, Miss., March 12 - The Keller Independent School District in Texas expects to price $161,949,947.20 in school building and refunding bonds (Aa2/AA/) during the week of March 16, a market source said Thursday.

The sale includes $142,299,947.20 in series 2009 school building bonds, which will price as current interest and premium capital appreciation bonds.

The current interest bonds have serial maturities from 2011 through 2035.

The capital appreciation bonds have serial maturities from 2015 through 2017.

The district's $19.65 million in series 2009 refunding bonds have serial maturities from Aug. 15, 2009 through Feb. 15, 2027.

Morgan Keegan & Co., Inc. is the senior manager of the negotiated sale.

The co-managers are RBC Capital Markets Corp., Southwest Securities Inc. and Banc of America Securities LLC.

The proceeds will be used to construct, equip and renovate school buildings and to refund a portion of the outstanding series 1997A and series 1998 school building and refunding bonds.

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