Socorro ISD, Texas, coordinates $56.3 million sale of refunding bonds

By Sheri Kasprzak

New York, Oct. 7 - The Socorro Independent School District of Texas plans to price $56.3 million of series 2013A unlimited tax refunding bonds during the week of Oct. 7, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Wells Fargo Securities LLC and Southwest Securities Inc. as the senior managers. The co-managers are BOSC Inc., Loop Capital Markets LLC and Piper Jaffray & Co.

The bonds are due 2014 to 2030.

Proceeds will be used to refund the district's series 2005A unlimited tax school building bonds.

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