Fort Worth ISD, Texas, preps $374.44 million refunding, school bonds

By Sheri Kasprzak

New York, Aug. 8 – The Fort Worth Independent School District of Texas is set to price $374,435,000 of series 2016 unlimited tax refunding and school building bonds during the week of Aug. 8, according to a preliminary official statement.

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

The bonds are due 2017 to 2041.

Proceeds will be used to finance technology upgrades and other capital improvements, as well as to construct, equip, improve and renovate existing and new school buildings and refund outstanding debt.

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