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Published on 5/11/2011 in the Prospect News Municipals Daily.

Northside ISD, Texas, offers $84 million variable-rate refunding bonds

By Sheri Kasprzak

New York, May 11 - The Northside Independent School District of Texas is set to sell $84 million of series 2011A unlimited tax variable-rate refunding bonds, according to a preliminary official statement.

The bonds will be sold through Raymond James & Associates Inc.

The bonds are due June 1, 2039. The bonds will bear interest at the initial rate from May 31, 2011 through May 31, 2014, when the bonds will convert to a term rate mode.

Proceeds will be used to refund the district's series 2009 variable-rate bonds.

The district is based in Bexar County, Texas.


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