Fort Worth Independent School District expects to price $232.14 million bonds

By Cristal Cody

Springdale, Ark., Feb. 1 - Fort Worth Independent School District plans to price $232.135 million of school building unlimited tax bonds.

The series 2008 bonds (Aaa/AAA) will have serial maturities from 2009 to 2028, according to a preliminary official statement released Friday.

JPMorgan is the lead manager of the negotiated deal, with Estrada Hinojosa & Co., Siebert Brandford Shank & Co. and RBC Capital Markets as co-managers.

First Southwest Co. is the financial advisor.

The Tarrant County, Texas, district plans to use the proceeds to purchase school buses, acquire land and construct and equip school buildings.

Additional information was not immediately available.

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