Humble Independent School District plans to price $96.7 million building and refunding bonds

By Cristal Cody

Springdale, Ark., March 6 - Humble Independent School District in Harris County, Texas, plans to price $96.7 million bonds on March 11, a source confirmed Thursday.

The district expects to sell $73.35 series 2008A million unlimited tax school building bonds and $23.4 series 2008B million unlimited tax refunding bonds, according to a preliminary official statement released Thursday.

The series 2008A bonds have maturities from 2018 through 2033. Series 2008B bonds have maturities from 2009 through 2018.

Morgan Keegan & Co. is the senior manager, and Citi, Merrill Lynch & Co., UBS Investment Bank, Banc of America Securities LLC and RBC Capital Markets are co-managers.

Proceeds will be used to acquire land, build schools and refund and defease bonds to lower the district's overall debt service requirements.

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