Alvin ISD, Texas, offers $127.5 million schoolhouse, refunding bonds

By Sheri Kasprzak

New York, Feb. 11 – The Alvin Independent School District of Texas is set to price $127.5 million of series 2016 unlimited tax schoolhouse and refunding bonds, according to a preliminary official statement.

The bonds (Aaa//AAA) will be sold on a negotiated basis with Piper Jaffray & Co. as the senior manager. The co-managers are Wells Fargo Securities LLC, George K. Baum & Co., Jefferies & Co., J.P. Morgan Securities LLC, Stifel, Nicolaus & Co. Inc. and William Blair & Co.

The bonds are due 2017 to 2042.

Proceeds will be used to construct, equip and acquire school facilities and to refund the district’s series 2004A schoolhouse bonds and its series 2007 schoolhouse and refunding bonds.

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