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Katy Texas News
Posted November 30, 2010

Katy ISD community members will have an opportunity to purchase Katy ISD bonds Wednesday, Dec. 1 and Thursday, Dec. 2, as the first bonds are sold from the $459 million bond authorization that was approved by voters this past November.

A total of $204,855,000 in bonds will be sold in $5,000 denominations including $43,705,000 in Unlimited Tax School Building Bonds, Series 2010-C; $155,000,000 in Unlimited Tax School Building Bonds, Series 2010-D (Build America Bonds – Direct Payment to Issuer); and $6,150,000 in Limited Tax Refunding Bonds, Series 2010-E.

Bonds will be guaranteed by The Permanent School Fund of Texas and as such, the Expected Ratings for the bonds are Aaa (PSF Insured)/Aa2 (Underlying) by Moody’s Investors Service, Inc., and AAA (PSF Insured)/AA (Underlying) by Standard & Poor’s.

Those wanting to invest in Katy ISD bond should read the entire Preliminary Official Statement prior to making any investment decisions with regard to this issue. For a more complete description of the bonds please contact the undersigned and request a copy of the Preliminary Official Statement. Please mention you found this on www.KatyMagazine.com.