Klein Independent School District, Texas, to sell $74.96 million bonds

By Sheri Kasprzak

New York, March 26 - The Klein Independent School District of Texas is set to price $74.96 million of series 2012 unlimited tax schoolhouse and refunding bonds, according to a preliminary official statement. The bonds are expected to price during the week of March 26.

The deal includes $57 million of series 2012A schoolhouse bonds and $17.96 million of series 2012B refunding bonds.

The 2012A bonds are due 2013 to 2017 and 2020 to 2042. The 2012B bonds are due 2013 to 2015 and 2019 to 2023.

The bonds (Aaa/AAA/) will be sold through senior manager Morgan Keegan & Co. Inc. The co-managers are BOSC Inc., Wells Fargo Securities LLC, Jefferies & Co. and Rice Financial Products Co.

Proceeds will be used to finance the construction, acquisition, equipment and furnishing of school buildings in the district, as well as to refund the district's existing series 2001, 2002 and 2003 schoolhouse bonds.

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