Beaumont I.S.D., Texas, plans $74.82 million school building bonds

By Sheri Kasprzak

New York, July 7 - Beaumont Independent School District in Texas intends to sell $74.82 million in series 2008 unlimited tax school building and refunding bonds this week, said a preliminary official statement.

Southwest Securities is the senior manager for the negotiated sale. The co-managers are Estrada Hinojosa & Co., J.P. Morgan Securities Inc., Merrill Lynch, Loop Capital Markets, Banc of America Securities LLC, Edward Jones, Raymond James & Associates and Depfa First Albany.

The bonds mature from 2009 to 2038.

Proceeds will be used to construct, renovate and equip school buildings; to purchase land for school buildings; and to refund current outstanding unlimited tax refunding bonds.

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