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Klein ISD, Texas, readies $151.7 million offering of refunding bonds
By Sheri Kasprzak
New York, April 15 – The Klein Independent School District of Texas is set to price $151,705,000 of series 2016 unlimited tax refunding bonds, said a preliminary official statement.
The deal includes $135,815,000 of series 2016A bonds and $15.89 million of series 2016B bonds.
The bonds (Aa1) will be sold through senior manager Raymond James/Morgan Keegan. The co-managers are BofA Merrill Lynch, Piper Jaffray & Co., BOSC Inc. and William Blair & Co. Inc.
The 2016A bonds are due 2019 to 2038 and the 2016B bonds are due 2016 and 2028 to 2031.
Proceeds will be used to refund the district’s series 2005, 2007, 2008, 2008A and 2009B unlimited tax schoolhouse bonds.
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