Carrollton-Farmers, Texas, plans $54.71 million school building bonds

By Sheri Kasprzak

New York, June 4 - The Carrollton-Farmers Branch Independent School District of Texas plans to come to market with $54.71 million of series 2012 unlimited tax school building and refunding bonds, according to a preliminary official statement. Pricing is expected for the week of June 4.

The bonds (Aa1/AA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan and Wells Fargo Securities LLC. The co-managers are RBC Capital Markets LLC and Bank of America Merrill Lynch.

The bonds are due 2013 to 2032.

Proceeds will be used to construct, equip, acquire and renovate school buildings within the district, as well as to refund its series 2003 and 2004 unlimited tax school building bonds.

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