Mansfield ISD, Texas, coordinates $155.42 million refunding bond deal

By Sheri Kasprzak

New York, April 29 - The Mansfield Independent School District of Texas is set to price $155,424,998.20 of series 2013 unlimited tax refunding bonds, according to a preliminary official statement. Pricing is anticipated during the week of April 29.

The bonds (Aa2//AAA) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager. The co-managers are BOSC Inc., Frost Bank and Southwest Securities Inc.

The offering includes $67.7 million of series 2013A bonds and $87,724,998.20 of series 2013B bonds.

The 2013A bonds are due 2013 to 2030. The 2013B bonds include $479,998.20 of capital appreciation bonds, which are due 2013 to 2014. The current interest bonds are due 2015 and 2017 to 2021.

Proceeds will be used to refund the district's series 2005 and 2006 school building bonds.

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