Fort Bend ISD, Texas, organizes $68.5 million refunding bond offering

By Sheri Kasprzak

New York, May 9 - The Fort Bend Independent School District of Texas is expected to price $68.5 million of series 2014 unlimited tax refunding bonds during the week of May 12, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Baird & Co. as the lead manager and Citigroup Global Markets Inc., Loop Capital Markets LLC and Raymond James/Morgan Keegan.

The bonds are due 2015 to 2017 and 2024 to 2030.

Proceeds will be used to refund the district's series 2004 school building bonds and its series 2004A school building and refunding bonds.

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