San Jacinto Community College, Texas, to price $150 million G.O. bonds

By Sheri Kasprzak

New York, June 22 - The San Jacinto Community College District of Texas is set to sell $150 million in series 2009 limited tax general obligation bonds, according to a preliminary official statement. Pricing is likely to take place in July, according to the statement

The bonds (Aa3/AA/) will be sold on a negotiated basis with Coastal Securities Inc. as the senior manager. The co-managers are Estrada Hinojosa & Co. Inc., Fidelity Capital Markets Inc., Southwest Securities Inc. and Wells Fargo Brokerage Services LLC.

The sale includes $149.175 million in current interest bonds and $825,000 in capital appreciation bonds.

The current interest bonds are due 2011 to 2039 with two term bonds and the capital appreciation bonds are due 2014 to 2015.

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

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