Fort Worth Independent School District to sell $122.99 million bonds

By Sheri Kasprzak

New York, Jan. 9 - The Fort Worth Independent School District of Texas plans to come to market with $122,995,000 of series 2014 unlimited tax school building bonds, according to a preliminary official statement.

The bonds (Aa1/AA/) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Raymond James/Morgan Keegan as the senior managers. The co-managers are Estrada Hinojosa & Co. Inc. and Siebert Brandford Shank & Co. LLC.

The bonds are due 2014 to 2016 and 2021 to 2039.

Proceeds will be used to make technology and other capital improvements districtwide, including the renovation, improvement and equipment of school building, as well as the purchase of new school buses.

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