Dallas ISD, Texas, to price $262.97 million school building bonds

By Sheri Kasprzak

New York, March 7 – The Dallas Independent School District of Texas is on tap to price $262,965,000 of series 2016B multimodal unlimited tax school building bonds on Thursday, according to a preliminary official statement.

The deal includes $29.51 million of series 2016B-1 bonds, $36,015,000 of series 2016B-2 bonds, $37,795,000 of series 2016B-3 bonds, $27.94 million of series 2016B-4 bonds, $19.55 million of series 2016B-5 bonds and $112,155,000 of series 2016B-6 bonds.

The bonds (Aaa/AAA/AAA) will be sold through senior manager Citigroup Global Markets Inc. The co-managers are BofA Merrill Lynch, Blaylock Beal Van LLC and William Blair & Co. Inc.

The 2016B-1 bonds are due Feb. 15, 2036; the 2016B-2 bonds are due Feb. 15, 2036; and the 2016B-3 bonds are due Feb. 15, 2036. The 2016B-4 bonds are due Feb. 15, 2036; the 2016B-5 bonds are due Feb. 15, 2036; and the 2016B-6 bonds are due Feb. 15, 2036.

Proceeds will be used to construct, equip, renovate and improve school buildings in the district.

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