Magnolia ISD, Texas, prepares $87.69 million schoolhouse bond offering

By Sheri Kasprzak

New York, Feb. 5 – The Magnolia Independent School District of Texas is set to price $87.69 million of series 2016 unlimited tax schoolhouse and refunding bonds on Tuesday, according to a preliminary official statement.

The bonds (Aaa) will be sold on a negotiated basis with Stifel, Nicolaus & Co. Inc. as the lead manager and Cabrera Capital Markets LLC, Baird & Co. Inc. and Hutchinson Shockey, Erley & Co.

The bonds are due 2016 to 2040.

Proceeds will be used to construct, equip, improve and renovate school buildings and refund the district’s series 2007 unlimited tax schoolhouse and refunding bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.