Manor Independent School, Texas, prepares $112.99 million school bonds

By Sheri Kasprzak

New York, July 25 – The Manor Independent School District of Texas is scheduled to price $112.99 million of series 2014 unlimited tax school building bonds on Thursday, according to a preliminary official statement.

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

The bonds are due 2015 to 2044.

Proceeds will be used to finance the improvement of a high school, the construction of a new middle school and a new elementary school, as well as the purchase of new school sites.

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