Frisco Independent School District, Texas, plans $105.49 million bonds

By Sheri Kasprzak

New York, Nov. 26 - The Frisco Independent School District of Texas is expected to come to market during the week of Nov. 26 with $105.49 million of series 2012B unlimited tax school building and refunding bonds, according to a sales calendar.

The bonds (Aa1) will be sold through Wells Fargo Securities LLC.

Proceeds from the offering will be used to finance the continued construction of the district's seventh high school and to fund improvements at other district facilities, as well as to refund a portion of existing debt for a net present value savings with no extension of final maturity.

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