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Published on 3/4/2013 in the Prospect News Municipals Daily.

Northwest Independent School District, Texas, organizes $54.47 million sale of refunding bonds

By Sheri Kasprzak

New York, March 4 - The Northwest Independent School District of Texas is set to price $54,474,961.90 of series 2013 unlimited tax taxable refunding bonds during the week of March 4, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with RBC Capital Markets LLC as the lead manager and Raymond James/Morgan Keegan and Southwest Securities Inc. as the co-managers.

The sale includes $274,961.90 of capital appreciation bonds, which are due 2013 and 2017 to 2018, and $54.2 million of current interest bonds, which are due 2014 to 2016 and 2019 to 2032.

Proceeds will be used to refund a portion of the district's series 2005 bonds.


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