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Houston ISD, Texas, preps $350 million schoolhouse bond offering
By Sheri Kasprzak
New York, Aug. 29 – The Houston Independent School District of Texas is slated to price $350 million of series 2014A variable-rate limited tax schoolhouse bonds during the week of Sept. 1, according to a preliminary official statement.
The bonds (Aaa/AAA/) will be sold through senior managers 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 June 1, 2039.
Proceeds will be used to construct and equip school facilities within the district, as well as to acquire new sites for such facilities.
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