Houston Independent School District to price $186.46 million of bonds

By Sheri Kasprzak

New York, May 14 - The Houston Independent School District plans to price $186,455,000 of series 2012 variable-rate limited tax refunding bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. The co-managers are Estrada Hinojosa & Co. Inc. and Loop Capital Markets LLC.

The bonds are due 2028 to 2030.

Proceeds will be used to refund all of the district's outstanding series 2004 variable-rate limited tax schoolhouse bonds.

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