Frisco ISD, Texas, arranges $92.32 million school building bond sale

By Sheri Kasprzak

New York, May 20 - The Frisco Independent School District of Texas plans to price $92,315,000 of series 2013 unlimited tax school building and refunding bonds during the week of May 20, according to a sales calendar.

The deal includes $71.56 million of series 2013 building and refunding bonds and $20,755,000 of series 2013 refunding bonds.

The bonds (Aa1) will be sold through Raymond James/Morgan Keegan.

Proceeds will be used to finance the construction of the district's seventh high school, the early construction stages of its eighth high school and the construction of two new elementary schools, as well as to refund existing debt for a net present value savings with no extension of final maturity.

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