Leander Independent School, Texas, offers $304.81 million bonds

By Sheri Kasprzak

New York, June 1 – The Leander Independent School District of Texas is slated to price $304,813,288.60 of series 2015 unlimited tax refunding bonds on Wednesday, according to a preliminary official statement.

The offering includes $263,151,022.95 of series 2015A bonds and $41,662,265.65 of series 2015B bonds.

The bonds (/AA-/) will be sold on a negotiated basis with William Blair & Co. Inc. and Morgan Stanley & Co. LLC as the senior managers. The co-managers are Samco Capital Markets Inc., J.P. Morgan Securities LLC, Robert W. Baird & Co. Inc., Estrada Hinojosa & Co. Inc. and Raymond James/Morgan Keegan.

The 2015A bonds are due 2017 to 2042, and the 2015B bonds are due 2017 to 2034.

Proceeds will be used to refund existing debt.

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