Midland ISD, Texas, preps $93.11 million sale of school building bonds

By Sheri Kasprzak

New York, Jan. 22 - The Midland Independent School District of Texas is set to sell $93.11 million of series 2014 unlimited tax school building bonds, according to a preliminary official statement.

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 Robert W. Baird & Co.

The bonds are due 2016 to 2040.

Proceeds will be used to construct, acquire and equip school facilities for the district.

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