Spring Branch Independent School District to price $194.6 million bonds in competitive sale on Monday

By Cristal Cody

Springdale, Ark., Feb. 21 - Spring Branch Independent School District in Houston, Texas, plans to price $194.6 million of limited tax schoolhouse bonds on Monday.

The series 2008 bonds will be sold in a competitive sale, according to a preliminary official statement released Wednesday.

First Southwest Co. in Houston is the financial advisor.

The bonds (Aaa/AAA/-) have serial maturities from 2009 through 2038.

Proceeds will be used to acquire sites for schools, purchase buses, equip buildings and upgrade technology.

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