McKinney ISD, Texas, to sell $50.69 million of school building bonds

By Sheri Kasprzak

New York, Aug. 27 - The McKinney Independent School District of Texas plans to price $50,685,000 of series 2012 unlimited tax school building and refunding bonds, according to a sales calendar.

The bonds (Aa2) will be sold through senior manager Raymond James/Morgan Keegan.

Proceeds will be used to current refund the district's series 2004 bonds for an estimated 8% net present value savings and to renovate and expand the district's middle and high school facilities.

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