McAllen ISD, Texas, plans $85.19 million offering of refunding bonds

By Sheri Kasprzak

New York, May 6 - The McAllen Independent School District of Texas is set to price $85,185,000 of series 2013 unlimited tax refunding bonds during the week of May 6, according to a sales calendar.

The deal includes $67.83 million of series 2013A bonds and $17,355,000 of series 2013B bonds.

The bonds (Aa3) will be sold through senior manager First Southwest Co.

Proceeds will be used to refund certain maturities of outstanding debt for a net present value savings.

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