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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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