Plano ISD, Texas, to sell $180 million school building bonds Thursday

By Sheri Kasprzak

New York, Nov. 10 - The Plano Independent School District in Texas is gearing up to sell $180 million in series 2008A unlimited tax school building bonds Thursday, according to a calendar of offerings.

The bonds (Aa1/AA/) will be sold on a negotiated basis with Morgan Keegan & Co. as the lead manager.

The bonds are due from 2010 to 2034.

Proceeds will be used to construct, acquire, equip and renovate school buildings in the district, as well as to acquire building sites for future schools. The rest will be used to buy new school buses.

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