Austin Independent School District, Texas, preps $143.5 million deal

By Sheri Kasprzak

New York, July 25 – The Austin Independent School District of Texas is slated to price $143,495,000 of series 2014 unlimited tax refunding bonds during the week of July 28, according to a preliminary official statement.

The deal includes $63.59 million of series 2014A bonds (Aaa/AAA/AAA) and $79,905,000 of series 2014B bonds (Aaa/AA+/AA+).

The bonds will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Raymond James/Morgan Keegan, Loop Capital Markets LLC, BOSC Inc. and Estrada Hinojosa & Co. Inc.

The 2014A bonds are due 2015 to 2034 and the 2014B bonds are due 2017 to 2026.

Proceeds will be used to refund existing bonds initially sold to construct, equip and furnish school facilities.

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