Humble ISD, Texas, prepares more than $58 mln school, revenue bonds

By Cristal Cody

Tupelo, Miss., April 25 - Humble Independent School District in Harris County, Texas, plans to sell more than $58 million of bonds (Aaa/AAA/), according to a preliminary official statement.

The sale is to include $25 million of series 2011A school building bonds with serial maturities from 2016 through 2035 and $33.475 million of series 2011B refunding bonds due 2012 through 2022.

RBC Capital Markets Corp. is the senior manager of the negotiated sale. Co-managers are Merrill Lynch and Morgan Keegan & Co., Inc.

Proceeds will be used to acquire, construct and equip school buildings and school district facilities, to purchase building sites and school buses and to refund a portion of the district's outstanding debt.

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