Klein ISD, Texas, preps $96.21 million sale of school, refunding bonds

By Sheri Kasprzak

New York, March 25 - The Klein Independent School District of Texas plans to sell $96,205,000 of series 2013 unlimited tax schoolhouse and refunding bonds during the week of March 25, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager and Wells Fargo Securities LLC, Southwest Securities Inc., Rice Financial Products Co. and BOSC Inc. as the co-managers.

The deal includes $68,995,000 of series 2013A schoolhouse and refunding bonds and $27.21 million of series 2013B refunding bonds.

The 2013A bonds are due 2013 to 2043 and the 2013B bonds are due 2017 to 2027.

Proceeds will be used to construct, acquire, equip and rehabilitate school facilities in the district, as well as to refund the district's series 2005, 2006 and 2007 unlimited tax schoolhouse bonds.

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