Midland ISD, Texas, plans $80.99 million sale of school building bonds

By Sheri Kasprzak

New York, March 18 - The Midland Independent School District of Texas is set to sell $80,985,000 unlimited tax school building and refunding bonds, according to a preliminary official statement. Pricing is expected during the week of March 18.

The bonds (Aa2/AA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the lead manager. The co-managers are BOSC Inc., RBC Capital Markets LLC, Wells Fargo Securities LLC and Baird & Co.

The bonds are due 2014 to 2038.

Proceeds will be used to construct, equip, acquire and renovate school buildings in the district and to refund the district's series 2003 school building and refunding bonds.

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