Pasadena ISD, Texas, organizes $61.82 million of school building deal

By Sheri Kasprzak

New York, Jan. 16 – The Pasadena Independent School District of Texas is set to price $61,815,000 of series 2015A unlimited tax school building bonds on Thursday, according to a preliminary official statement.

The bonds (Aaa/AAA/) will be sold on a negotiated basis with Piper Jaffray & Co. and RBC Capital Markets LLC as the senior managers. The co-managers are George K. Baum & Co. and Coastal Securities Inc.

The bonds are due 2021 to 2035.

Proceeds will be used to finance the construction, equipment, acquisition and renovation of school buildings in the district.

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