Spring ISD, Texas, plans $137.97 million offering of refunding bonds

By Sheri Kasprzak

New York, Dec. 11 – The Spring Independent School District of Texas is expected to price $137,965,000 of series 2015 unlimited tax refunding bonds on Tuesday, according to a preliminary official statement

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

The bonds are due 2016 to 2033.

Proceeds will be used to refund the district’s series 2006, 2007 and 2008A unlimited tax school building bonds.

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